Strategy and BlackRock nearly equalized in their Bitcoin reserves., 2026/03/19 17:38:53

The largest publicly traded corporate holder of bitcoins, Strategy, has nearly caught up to the world’s biggest investment firm, BlackRock, in terms of accumulated bitcoins. As of Thursday, March 19, the Bitcoin-linked exchange-traded fund (ETF) managed by BlackRock, IBIT, holds 784,062 BTC, while Strategy possesses 761,068 BTC.

The gap is less than 23,000 coins (approximately $2 billion). At the current weekly acquisition rate of 22,337 bitcoins, Strategy could close the gap within a week, trailing by about 657 BTC. 

For the past two years, the difference ranged between 100,000 and 150,000 BTC and showed little sign of narrowing. During this period, BTC-ETF creators actively promoted their funds, and capital inflow increased. In early 2026, Strategy significantly reduced its deficit: the company purchased 88,500 bitcoins, while the number of coins in IBIT accounts increased by only 12,000 BTC, according to data from CoinGecko and SoSoValue. 

BlackRock and other management firms operate through spot ETFs, where investors buy shares of the fund on the exchange, and the proceeds are used to acquire bitcoins that back the shares. Since November, bitcoin ETFs have experienced capital outflows, with net inflows only beginning in March.  

Strategy raises funds for cryptocurrency purchases through the issuance of securities and keeps its bitcoins inactive. The acquisition of cryptocurrency occurs regardless of market conditions, and the company does not sell assets during price declines or surges. The firm aims to attract $42 billion for the purchase of the leading cryptocurrency by 2027. 

In February, Strategy’s founder, Michael Saylor, stated that the organization could withstand a drop in BTC price to $8,000 while retaining enough assets to cover all obligations—without selling the asset.