The ETF Bitcoin Spot from BlackRock has just surpassed MicroStrategy’s BTC holdings, with over 197,000 bitcoins held by IBIT.
BlackRock Leads the Way and 9 New ETFs Outperform Grayscale
According to data from BitMEX Research, BlackRock’s IBIT ETF currently holds 197,943 Bitcoins, valued at nearly $14 billion, nearly 40 trading sessions after the Securities and Exchange Commission approved nine new funds on January 10.
The nine new Bitcoin ETFs collectively hold assets valued at $28 billion, surpassing Grayscale’s long-standing titan GBTC.
MicroStrategy’s Bitcoin Strategy
MicroStrategy, although not an ETF issuer, has accumulated a portfolio of 193,000 BTC as part of its corporate treasury strategy, using an operational leverage strategy where debt funds operations and investments.
The technology firm recently announced its intention to raise over $600 million through a debt offering to increase its Bitcoin reserves, consolidating its BTC-centric strategy that has turned MicroStrategy’s stock (MSTR) into somewhat of a ”Leveraged Bitcoin ETF.
Michael Saylor’s Unwavering Faith in Bitcoin
Michael Saylor, CEO of MicroStrategy, asserts his commitment not to sell his Bitcoin reserves.
I will continue buying the top forever. Bitcoin is the exit strategy.
Michael Saylor
Saylor emphasizes the technical superiority of Bitcoin compared to gold, the S&P 500, and real estate, despite their significantly higher market capitalization. For Saylor, Bitcoin is technically superior and therefore represents a winning investment that should not be exchanged for less performing assets.
