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Strategy Surpasses BlackRock’s IBIT in Bitcoin Holdings, Post Says

Strategy Surpasses BlackRock’s IBIT in Bitcoin Holdings, Post Says

Michael Saylor said SEC approval of spot Bitcoin ETFs in January strengthened Bitcoin’s standing with institutional investors, while pointing to MicroStrategy’s 2020 $250 million Bitcoin purchase as part of its capital allocation strategy.

BTC

Fact Check
The claim combines three elements. First, the SEC-filed exhibit EX-99.1 directly confirms that MicroStrategy announced a $250 million bitcoin purchase on August 11, 2020 and framed it within a two-pronged capital allocation strategy. That strongly supports the statement about the 2020 purchase. Second, the CoinPost article '米マイクロストラテジー会長「ビットコインETF承認で資産クラスとしての地位は確固たるものに」' reports Michael Saylor's view that the SEC's January 2024 approval of spot bitcoin ETFs strengthened bitcoin's standing as an asset class for institutional investors. Third, the CoinPost article 'ストラテジー、ビットコインETF『IBIT』を抜きBTC保有首位に返り咲き' reports specific holdings figures showing Strategy at 815,061 BTC versus IBIT at 802,824 BTC. The weakest part of the evidence is that the surpassing-IBIT point was not independently confirmed with a directly fetched official holdings page in this run, so confidence is medium rather than high.
    Reference: 12
Summary

The updated source adds direct context from Michael Saylor, who said SEC approval of spot Bitcoin ETFs in January cemented Bitcoin’s status for institutional investors. Speaking on the WhatBitcoinDid podcast, he also referenced MicroStrategy’s 2020 purchase of $250 million in Bitcoin as part of the company’s capital allocation strategy. The underlying topic still originates from a brief social media claim that Strategy, formerly MicroStrategy, surpassed BlackRock’s iShares Bitcoin Trust in Bitcoin holdings, but the post itself does not provide figures or documentary evidence for that claim.

Terms & Concepts
  • spot Bitcoin ETFs: Investment funds that directly hold Bitcoin and aim to track its market price through a regulated exchange-traded structure.
  • iShares Bitcoin Trust (IBIT): BlackRock’s spot Bitcoin fund that gives investors Bitcoin exposure through an exchange-traded vehicle.
  • Bitcoin holdings: The amount of Bitcoin owned or controlled by a company, fund, or other entity.