Bitcoin Titans: Microstrategy vs. ETFs

Microstrategy’s Bitcoin Hoard

As of March 6, 2024, Microstrategy, led by Michael Saylor, held 193,000 Bitcoin, surpassing all spot ETFs and other major holders.

BlackRock’s iShares Bitcoin ETF

BlackRock’s iShares Bitcoin ETF (IBIT) is hot on Microstrategy’s heels, holding around 191,131 BTC as of March 7, 2024. However, Microstrategy still holds a slight edge.

Grayscale Bitcoin Trust

Grayscale Bitcoin Trust (GBTC), which has since converted into a spot ETF, holds double the Bitcoin of Microstrategy.

Investment Strategies

Microstrategy has acquired Bitcoin over several years, while BlackRock’s ETF has accumulated its holdings in just a few months. Microstrategy views Bitcoin as a long-term investment, while BlackRock’s ETF provides investors with exposure to the cryptocurrency without directly owning it.

Market Demand

The inflows into iShares and other ETFs indicate significant demand for Bitcoin from traditional investors.

Bitcoin Price

Bitcoin has rebounded from its recent dip and is currently trading around $67,600, but has yet to reach its all-time high.