The Race To Become Largest Holder

BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) has seen cumulative net inflows of $63.21 billion since launching in January 2024. 

The fund holds 784,062 Bitcoin, representing 3.7% of the total 21 million coin supply. BlackRock doesn’t buy Bitcoin for itself—investors buy IBIT shares through Nasdaq, and BlackRock holds Bitcoin on behalf of IBIT shareholders.

Strategy purchased 22,337 BTC last week for $1.57 billion, the fifth-largest acquisition on record. 

Total holdings now stand at 761,068 BTC, putting the company within striking distance of surpassing BlackRock within a week at current purchase rates.

The Preferred Stock Shift

Last week marked the…

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