BlackRock and MicroStrategy’s Bitcoin Competition: Who Holds More BTC?

  • BlackRock’s Bitcoin ETF (IBIT) is accumulating a significant amount of BTC supply, with daily inflows surpassing hundreds of millions of dollars.
  • The accumulation by BlackRock’s ETF has sparked speculation about how many additional 60-day periods it would need to acquire the next 10% of Bitcoin’s supply.
  • Martinez’s analysis reveals that following the 2012 Bitcoin halving, Bitcoin reached its peak within 367 days.

Bitcoin assets held by BlackRock and MicroStrategy are competing with each other: BlackRock collected 200 thousand BTC in a short time!

BlackRock and MicroStrategy’s Bitcoin Holdings Neck and Neck

bitcoin-btc

BlackRock’s Bitcoin ETF (IBIT) is accumulating a significant amount of BTC supply, with daily inflows surpassing hundreds of millions of dollars. According to recent findings, IBIT’s Bitcoin holdings have now surpassed 200,000, reaching the same level as MicroStrategy. Over the past 60 days, BlackRock’s ETF IBIT has accumulated approximately 200,000 Bitcoins, representing a significant portion of the total Bitcoin supply available on all exchanges, accounting for 10%.

The accumulation by BlackRock’s ETF has sparked speculation about how many additional 60-day periods it would need to acquire the next 10% of Bitcoin’s supply. Analysts closely monitor the ongoing accumulation of Bitcoin by institutional investors like BlackRock, as it could potentially lead to a parabolic increase in Bitcoin’s price.

The significant inflow of Bitcoin into IBIT highlights the growing institutional interest in crypto assets and their perceived value as a hedge against traditional market uncertainties. While BlackRock’s Bitcoin holdings are on par with MicroStrategy’s, some crypto enthusiasts note that while MicroStrategy holds all its Bitcoin stock, BlackRock holds it on behalf of its clients.

Meanwhile, MicroStrategy continues to increase its Bitcoin holdings by presenting its latest offer to raise an additional $500 million for convertible notes.

Bitcoin Bull Run Expected in 500 Days

Renowned crypto analyst Ali Martinez delves into historical trends around Bitcoin halvings, shedding light on the durations between halvings and subsequent market peaks. Martinez’s analysis reveals that following the 2012 Bitcoin halving, Bitcoin reached its peak within 367 days. Following the 2016 halving, it took Bitcoin 526 days to reach its market peak. After the latest halving in 2020, Bitcoin took 547 days to reach its peak.

Based on historical data, Martinez suggests that despite potential minor fluctuations in price, observed patterns indicate that the market is still significantly distant from a potential Bitcoin market peak.

According to Bitcoin analyst Willy Woo, daily inflows into Bitcoin are visualized in a representation represented by a 7-day moving average. The dark green area represents inflows from U.S. Spot ETFs. Willy Woo suggests that ETFs are still in their early stages and that institutions and asset management platforms may need several months of thorough review before initiating appropriate allocations.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

Bitcoin BTC’s Roller Coaster: Plunge and Surge Amid Halving Event and Market Volatility

Explore the dramatic shifts in Bitcoin's price as it navigates through halving aftermath and potential market recoveries.

Exploring Blockchain’s Future: Insights from Gateio’s VC & Web3 Ecosystem Party at TOKEN2049

Join industry leaders from Gate.io and Huawei Cloud as they delve into the future of blockchain and Web3 technologies, following a successful gathering at TOKEN2049 in Dubai.

Bitcoin BTC’s Post-Halving Era Begins: Dominance Stabilizes as Altcoins Rally

Explore the evolving dynamics of the cryptocurrency market following Bitcoin's latest halving, which could set the stage for altcoin success.

Bitcoin Fees Skyrocket, Surpassing Ethereum – Could Ordinals Boost BTC Security?

Discover how Bitcoin fees have soared, the role of Ordinals in this trend, and the potential implications for Bitcoin's security model.

Bitcoin Halving Sparks Market Volatility: Demand Surge Meets Miner Challenges

Discover the key factors driving Bitcoin's trajectory after the halving. Get expert insights into the potential for a supply shock, the role of ETFs, and the challenges faced by miners.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Litecoin Could Be Preparing for a 20% Rise! Current LTC Analysis

Will Litecoin continue its upward trend? What should LTC investors expect? What are the targets in the current LTC analysis?

Ethereum Might Be Preparing for a Rise! Current ETH Analysis

Ethereum's daily chart has sustained a rise up to $3100 after strong buying in the $2867 - $2950 range. Current ETH Analysis

NEO Launches Uptrend to $25! Current NEO Analysis

Analyzed NEO's 3-hour chart, showing upward trend post $14.80 resistance breakthrough, eyeing $15.18 resistance; potential long positions suggested at $14.636 - $14.448 support range with a stop loss at $13.90, as NEO aims for $25 target amidst over 5% gains.

Is Litecoin Ready to Launch its Rise to $140? Current LTC Analysis

When examining LTC's technical chart, a downward trend is observed in recent days. The nearest support is at the level of 91.86 dollars. The support range between 97.61$ and 99.07$ on the 4-hour chart is significant. For long positions, the support range of 92.41$ - 91.07$ can be expected.

Bitcoin (BTC) Surges Past $70k: Could a Rally to $75k be Next?

Get expert analysis on Bitcoin's breakout above $70,000. Discover what's driving the price action, key levels to watch, and potential scenarios for BTC's near-term future.
Jocelyn Blake
Jocelyn Blakehttps://en.coinotag.com/
Jocelyn Blake is a 29-year-old writer with a particular interest in NFTs (Non-Fungible Tokens). With a love for exploring the latest trends in the cryptocurrency space, Jocelyn provides valuable insights on the world of NFTs.
spot_imgspot_imgspot_imgspot_img

Bitcoin BTC’s Roller Coaster: Plunge and Surge Amid Halving Event and Market Volatility

Explore the dramatic shifts in Bitcoin's price as it navigates through halving aftermath and potential market recoveries.

Exploring Blockchain’s Future: Insights from Gateio’s VC & Web3 Ecosystem Party at TOKEN2049

Join industry leaders from Gate.io and Huawei Cloud as they delve into the future of blockchain and Web3 technologies, following a successful gathering at TOKEN2049 in Dubai.

Bitcoin BTC’s Post-Halving Era Begins: Dominance Stabilizes as Altcoins Rally

Explore the evolving dynamics of the cryptocurrency market following Bitcoin's latest halving, which could set the stage for altcoin success.