"BlackRock's Bitcoin ETF Overtakes MicroStrategy's Holdings as BTC Soars and Tumbles"
TL;DR Summary
BlackRock's spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), now holds 195,985 bitcoin worth $13.5 billion, surpassing MicroStrategy's holdings of 193,000 bitcoin. MicroStrategy, led by CEO Michael Saylor, has been acquiring bitcoin since August 2020 and recently announced plans to raise $700 million for more purchases. The rapid acquisition of bitcoin by IBIT reflects the high demand for these new funds, with industry watchers attributing bitcoin's recent price action to the increased activity in spot bitcoin ETFs.
- BlackRock's Bitcoin ETF Surpasses MicroStrategy's BTC Holdings - Unchained Unchained
- BlackRock's Bitcoin ETF Nears 200K BTC, Passing Michael Saylor's MicroStrategy CoinDesk
- BlackRock Bitcoin ETF now holds more BTC than MicroStrategy Cointelegraph
- 7 Best Cryptocurrency ETFs to Buy | Investing | U.S. News U.S News & World Report Money
- Bitcoin rises to record above $69,000, then quickly tumbles 8% CNBC
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