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Strategy Overtakes BlackRock's IBIT With 815,061 BTC Holdings
Strategy said it bought 34,164 BTC for about $2.54 billion, lifting its holdings to 815,061 BTC and putting it ahead of BlackRock’s IBIT. The article said tracker tallies put IBIT at 802,823 BTC on April 20 and at a reported 806,700 BTC by April 24, leaving Strategy narrowly in front. Strategy also said it still has more than $26 billion of at-the-market capacity and $1.6 billion left on its STRF preferred vehicle for more purchases. JPMorgan’s near-term bull case cited in the article puts Bitcoin at $170,000 over the next six to twelve months.