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International Business Times
International Business Times
Business
Marvie Basilan

YOU WONT BELIEVE: Blackrock s bitcoin etf ibit exceeds microstrategy s btc holdings | Mind Blowing Facts

A trader works as a screen displays the trading information for BlackRock on the floor of the NYSE in New York. (Credit: Reuters)

KEY POINTS

  • BitMEX Research data shows BlackRock's IBIT holds nearly 198,000 Bitcoin
  • MicroStrategy announced last month that it had 193,000 total Bitcoin holdings
  • IBIT's milestone was revealed on the same day BTC's price soared above $70,000

Less than two months since the U.S. Securities and Exchange Commission (SEC) approved 11 spot Bitcoin exchange-traded funds (ETFs), BlackRock's BTC ETFs have surpassed the total holdings of software and cloud-based services company MicroStrategy.

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