BlackRock ETF Bitcoin Holdings Overtake MicroStrategy

The BlackRock Bitcoin ETF (IBIT) saw its bitcoin holdings soar on Friday, outpacing MicroStrategy's bitcoin reserves.

BlackRock ETF Bitcoin Holdings Overtake MicroStrategy

The iShares Bitcoin Trust (NASDAQ: IBIT), a unit of BlackRock Inc. (NYSE: BLK), has been trading since 11 January. On 8 March, after 40 trading days, BlackRock's Bitcoin ETF (IBIT) held more Bitcoin than MicroStrategy.

According to HODL15Capital, BlackRock announced its spot Bitcoin ETF performance in a weekly report—BlackRock’s iShares Bitcoin Trust Holdings increased by 31,588 Bitcoins. Wrapping Up All Nine Weeks of Bitcoin ETF Activity, IBIT holds 196,089 BTC, and MicroStrategy holds 193,000 BTC.

Additionally, BlackRock's IBIT, the Assets Under Management (AUM), has now soared to nearly $13.5 billion. Meanwhile, MSTR's holdings of Bitcoin are worth approximately $13.25 billion based on current market trends.

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