MicroStrategy Bitcoin Holdings Is Now Only 1/2 Of BlackRock And Fidelity’s

Key Points:

• MicroStrategy Bitcoin holdings surpass 1% of total issuance but fall short of BlackRock and Fidelity’s combined holdings.
• BlackRock’s Bitcoin ETF continues to break records with 71 consecutive days of inflows, while Fidelity’s Bitcoin fund ranks second.

MicroStrategy, renowned for its significant Bitcoin investments, bolstered its cryptocurrency portfolio earlier this year, amassing holdings exceeding 1% of the total Bitcoin issuance. However, recent revelations show that MicroStrategy Bitcoin holdings stash pales in comparison to industry giants BlackRock and Fidelity.

MicroStrategy Bitcoin Holdings Trails Behind BlackRock and Fidelity

BlackRock and Fidelity jointly possess a staggering 428,304 Bitcoins, valued at approximately $27.7 billion, through their spot Bitcoin exchange-traded funds (ETFs). This figure dwarfs MicroStrategy Bitcoin holdings by over 214,000, equating to twice as much cryptocurrency.

The relentless growth of BlackRock’s Bitcoin ETF is evident, having witnessed an unprecedented 71 consecutive days of inflows. Fidelity’s Bitcoin fund follows closely behind, boasting over $10 billion in assets under management, trailing only BlackRock’s iShares Bitcoin Trust (IBIT) with more than $18 billion.

Michael Saylor Nets $370 Million Amid Bitcoin-Focused Strategy

MicroStrategy’s Chairman, Michael Saylor, initiated Bitcoin acquisitions in 2020 as a hedge against inflation and an alternative to cash reserves. Presently, the company retains 214,246 Bitcoins, valued at around $14 billion. Notably, Bitcoin’s maximum issuance is capped at 21 million, with nearly 19.7 million tokens already in circulation, expected to reach the cap by 2140.

A substantial portion of MicroStrategy‘s Bitcoin purchases occurred in 2024, with an average cost surpassing double that of the previous year. Meanwhile, Michael Saylor capitalized on MicroStrategy’s surging value by executing a pre-planned stock-sale arrangement, garnering approximately $370 million from sales in 2024.