BlackRock’s Bitcoin Holdings Surpasses MicroStrategy Amid $2 Bln Net Inflows This Week

BlackRock's iShares Bitcoin Trust (IBIT) surpassed MicroStrategy's Bitcoin (BTC) holdings with a net inflow of $2.07 billion in the week. Moreover, the milestone comes amidst a robust total weekly net inflow of Spot Bitcoin ETFs, which stands at $2.23 billion.

BlackRock Eclipses MicroStrategy BTC Holdings

As the week drew to a close on Friday, March 8, Spot Bitcoin ETFs recorded a net inflow of $223 million, which indicated a substantial decrease from Thursday's figure. The inflows were led by BlackRock's IBIT with a substantial inflow of $336.3 million, equivalent to over 4,900 BTC.

Hence, this influx propelled BlackRock's total Bitcoin holdings to over 196,000 BTC, surpassing MicroStrategy's holdings of 193,000 BTC. The update is notable since MicroStrategy is the largest institutional investor in Bitcoin. Moreover, the significant milestone underscored the BlackRock Bitcoin ETF's robust growth as a dominant force in the BTC market.

Further, the Assets Under Management (AUM) of BlackRock's IBIT has soared to nearly $13.5 billion currently. Whilst, the value of MSTR's Bitcoin holdings stand at around $13.25 billion according to current market trends. As of Thursday, March 7, BlackRock's IBIT boasted a BTC stack of 191,132 BTC, valued at $12.8 billion at the time.