BlackRock Surpasses MSTR in Bitcoin Holdings as ETF Acquires $3.92 Billion

A recent report from analytics account @lookonchain sheds light on BlackRock’s aggressive investment in Bitcoin. Over the past two weeks, the firm’s spot Bitcoin exchange-traded fund (ETF), IBIT, has acquired a staggering 41,452 BTC worth nearly $4 billion in fiat currency. This acquisition significantly boosts BlackRock’s holdings and surpasses MicroStrategy’s accumulated Bitcoin assets. The move highlights Blackrock’s strategic focus on Bitcoin, pushing it ahead of MSTR in total BTC holdings.