Crypto News
MicroStrategy has overtaken BlackRock as the single largest corporate holder of Bitcoin, disclosing the purchase of 34,164 BTC at an average price of $74,395 and bringing its total stack to 815,061 BTC. The buy was funded through $2.18 billion in STRC preferred securities and lifted the company's unrealized profit on its position to roughly $2.8 billion at current spot.
BlackRock's iShares Bitcoin Trust (IBIT) now sits in second place at 802,523 BTC — still absorbing roughly $900 million in net inflows over the prior seven days, per the Bitcoin Archive feed — meaning the gap between the two largest holders is roughly 12,500 BTC. Spot BTC has pushed through $78,000 on the back of the same flow tape, with Polymarket odds of a $80,000 print by month-end jumping from 30% to 50.5% in 24 hours.
Why it matters
Strategy's overtake is symbolic more than functional: both holders are now in the same order of magnitude, and both are net buyers at current levels. That concentrates a large share of the float in a small number of balance sheets whose behavior is publicly telegraphed — every STRC issuance, every 8-K disclosure, every daily ETF flow print is a tradeable signal the rest of the market gets to front-run. Strategy's $74,395 average buy price on the latest tranche effectively sets a publicly visible cost basis just under spot, framing $74K as a reference floor rather than a technical level.
The Bitwise Europe read on 100 Strategy purchase events since 2020 is the counterweight: the historical pattern is sell-the-news, with each new disclosure producing short-term flows in the opposite direction of the corporate bid. If that pattern holds, the marginal buyer of the next 34,164 BTC is the marginal seller of spot.
Market impact
The technical setup shows consolidation after an impulse to $79,300, with spot pausing near $78,000 and resistance layered at $79,000 and $80,000. A clean break and hold above $79,000 opens the $80,000 level — and at that point, the Polymarket contract prints YES.
Frequently asked questions
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How much Bitcoin does MicroStrategy own after the latest purchase?
MicroStrategy disclosed the purchase of 34,164 BTC at an average $74,395, bringing its total holdings to 815,061 BTC. The acquisition was funded through $2.18 billion in STRC preferred securities.
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How much Bitcoin does BlackRock's IBIT hold now?
BlackRock's iShares Bitcoin Trust (IBIT) holds 802,523 BTC, roughly 12,500 BTC behind Strategy after absorbing around $900 million in net inflows over the prior seven days.
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What are the odds Bitcoin hits $80,000 by month-end?
Polymarket odds for Bitcoin reaching $80,000 by month-end rose to 50.5% YES, up sharply from 30% just 24 hours earlier as spot pushed through $78,000.
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Does Strategy buying Bitcoin actually move the price?
Bitwise Europe analyzed 100 Strategy purchase events since 2020 and found that short-term flows tend to move opposite to the corporate bid — the market historically sells the news rather than following the buyer higher.
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What price level would invalidate Bitcoin's current bullish setup?
A break below $75,000 would invalidate the bullish structure and historically correlate with ETF outflow prints, testing whether BlackRock keeps absorbing supply on the other side.
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