BlackRock & Microstrategy: A Bitcoin Billion-Dollar Battle

Two major players in the cryptocurrency world, BlackRock and MicroStrategy, are engaged in a thrilling competition to amass one million bitcoins. Both companies have amassed over 500,000 BTC, prompting investors and analysts alike to closely watch as they close in on their ambitious targets. To accelerate their Bitcoin holdings, each organization is employing strategic maneuvers. 553,555 BTC currently belongs to MicroStrategy, led by CEO Michael Saylor’s unwavering commitment to the cryptocurrency. Meanwhile, BlackRock’s iShares Bitcoin Trust fund holds 573,869 BTC on behalf of its investors. Analyst Lark Davis summarizes the current situation: ‘Blackrock and MicroStrategy are racing towards their Bitcoin goals. Currently, BlackRock’s IBIT fund holds 573,869 BTC, while MicroStrategy has 553,555 BTC.’