Strategy Surpasses BlackRock as Largest Institutional Bitcoin Holder

Strategy announced this week that it now holds over 800,000 Bitcoin following a $2.5 billion acquisition of 34,000 Bitcoin. According to NS3.AI, Michael Saylor, the company's executive chairman, stated that the 'bitcoin winter' has ended, as Bitcoin has rebounded 30% from its recent lows of $60,000. This purchase positions Strategy ahead of BlackRock's IBIT fund, marking the first time since the second quarter of 2024 that Strategy has become the largest institutional Bitcoin holder. Benoît Bosc from x2B commented that the rebound is more indicative of macro liquidity trends rather than crypto-specific strength.