Strategy Tops BlackRock ETF with 815,061 Bitcoin Holdings Worth $62.35B
Strategy has increased its Bitcoin holdings to 815,061 BTC, surpassing BlackRock’s iShares Bitcoin Trust by over 12,000 coins, representing $62.35 billion in assets. Fed chair nominee Kevin Warsh voiced strong support for cryptocurrencies during recent market commentary, potentially improving the regulatory outlook for major Bitcoin investors.
1. Strategy Surpasses BlackRock’s Bitcoin Holdings
Strategy now holds 815,061 BTC valued at $62.35 billion, exceeding BlackRock’s iShares Bitcoin Trust by over 12,000 tokens as Bitcoin prices fell and then recovered. This milestone underscores Strategy’s aggressive use of leverage and debt to expand its crypto portfolio during market downturns.
2. Fed Chair Nominee Endorses Crypto Adoption
Kevin Warsh, nominee for Federal Reserve chair, expressed strong support for cryptocurrencies, highlighting their role amid turbulent markets. His pro-crypto stance may signal a more favorable regulatory environment for large corporate Bitcoin holders such as Strategy.