Strategy Overtakes BlackRock in Bitcoin Holding with 815,061 BTC

• Strategy acquired 34,164 BTC for $2.54B, reaching 815,061 BTC, surpassing BlackRock’s IBIT at 798K BTC.
• Strategy’s aggressive accumulation with a 9.5% YTD BTC yield has driven total BTC holdings past BlackRock.
• Corporate treasury accumulation now outpaces ETF flows and could shift institutional BTC dominance.

Strategy, formerly MicroStrategy, now holds 815,061 Bitcoin (BTC) after buying 34,164 BTC for $2.54B, overtaking BlackRock’s IBIT at 798K BTC in a notable shift in institutional Bitcoin ownership. This move aligns with Strategy’s long-running aggressive treasury policy, delivering a 9.5% YTD BTC yield and relying on capital raises rather than the variable inflows that drive ETF holdings like IBIT.

Strategy Overtakes BlackRock in BTC Holdings

On April 20, 2026, Strategy announced the purchase of 34,164 Bitcoin (BTC) for $2.54B. This acquisition brings the company’s total Bitcoin holdings to 815,061 BTC, valued at roughly $61.56 billion based on prevailing market prices around the time of the purchase.

This move pushes Strategy past BlackRock’s iShares Bitcoin Trust (IBIT), which holds 798,000 BTC. The gap has been narrowing in recent weeks, with Strategy previously holding around 780,897 BTC as of April 13, while BlackRock’s ETF hovered near the 800K mark depending on daily inflows.

Aggressive Accumulation and 9.5% Yield Drive Growth

Strategy’s aggressive BTC accumulation stems from its engineered capital-raising model using Variable Rate Series A Preferred Stock (STRC), which offers investors an 11.5% annualized yield paid in dollars, along with at-the-market (ATM) common equity offerings. These instruments attract yield-seeking investors and raise capital dedicated to BTC purchases, reducing reliance on operational cash flows.

Strategy founder Michael Saylor views BTC as superior long-term capital due to fixed supply and adoption. Strategy buys regularly, often weekly, treats dips as opportunities, and maintains a strict never-sell “HODL” policy and never sells BTC, creating consistent demand independent of short-term price movements.

Meanwhile, BTC Yield serves as the strategy’s core performance metric, tracking growth in Bitcoin holdings per fully diluted share. The 9.5% YTD 2026 yield reflects capital deployed into BTC faster than share dilution, increasing per-share exposure and supporting its aggressive accumulation strategy.

What’s Next for Institutional BTC Dominance?

More corporations could adopt BTC treasury strategies, using structured capital tools like preferred shares to fund consistent accumulation. According to CoinMarketCap data, BTC is trading at $75,277.35 with a 24-hour volume of $36.27B, up 46.52%. This could strengthen long-term demand, reduce liquid supply, and normalize Bitcoin as a standard corporate reserve asset across public markets.

Furthermore, ETFs and corporate treasuries could operate in parallel, with ETFs providing passive exposure while companies drive active accumulation. This shift may influence perceptions of long-term holding versus ETF exposure, as Strategy’s “Bitcoin Standard” strategy emphasizes permanent capital allocation to BTC.

Therefore, regulatory clarity, retirement fund adoption, and early sovereign interest could accelerate institutional Bitcoin integration. These developments will expand controlled supply concentration among large holders, reinforcing Bitcoin’s role as a global reserve asset within traditional financial systems.

Related: Michael Saylor Strategy Buys More Bitcoin Than BlackRock in 2026