MicroStrategy Overtakes IBIT with 815,061 BTC After $2.54B Purchase
MicroStrategy holds 815,061 BTC after buying 34,164 BTC for roughly $2.54 billion between April 14 and 20, overtaking BlackRock’s iShares Bitcoin Trust’s 806,178 BTC as the largest single holder. Galaxy models project MicroStrategy could reach 1.096 million BTC by November 2026.
1. IBIT’s Current Bitcoin Holdings
BlackRock’s iShares Bitcoin Trust holds approximately 806,178 BTC, making it the largest spot Bitcoin fund in the U.S. since its launch. The fund has amassed its position over 18 months, amassing more than 700,000 BTC to date through steady inflows from institutional and retail investors.
2. MicroStrategy’s BTC Accumulation
Between April 14 and April 20, MicroStrategy purchased 34,164 BTC for about $2.54 billion, bringing its total to 815,061 BTC. The company funds these purchases via at-the-market equity offerings, including its STRC preferred stock, which pays an 11.5% annualized yield.
3. Future Projections and Implications
Galaxy models indicate MicroStrategy’s accumulation rate could push its holdings to Satoshi Nakamoto’s estimated 1.096 million BTC by November 2026. If sustained, this trajectory may redefine institutional rankings and pressure IBIT to adjust its growth strategy to retain top market position.