Strategy Becomes Largest Institutional Bitcoin Holder, Overtaking BlackRock's IBIT
Strategy, led by Michael Saylor, has become the largest institutional Bitcoin holder by acquiring 815,061 BTC worth $2.54 billion, surpassing BlackRock's iShares Bitcoin Trust (IBIT). This marks the first time since Q2 2024 that an institution other than IBIT holds the largest Bitcoin position. Strategy's continued buying during a market downturn contrasts with IBIT's reduced inflows.
Topics: Bitcoin BlackRock IBIT Institutional Investment MicroStrategy