Strategy and Blackrock’s Bitcoin Trust ETF, dubbed IBIT, have quietly arrived at a rather extraordinary destination. Strategy owns 848,000 $BTC, while IBIT holds 805,222.42 $BTC. After the latest Strategy purchase, just 42,777.58 $BTC separates the two, meaning a public company and a single ETF trust now command roughly comparable mountains of bitcoin.
At the recent bitcoin price of $85,179 per coin on Monday, Strategy’s pile is worth about $72.23 billion and IBIT’s roughly $68.59 billion. Together, that’s $140.82 billion. But give the machinery underneath those numbers the once-over and the resemblance disappears fast. Strategy’s pile belongs to a corporate treasury vehicle. The other, IBIT’s ETF, backs shares in a Delaware statutory trust.
Two Bitcoin Giants
The digital asset treasury (DAT) firm Strategy’s 848,000 $BTC is actually a fresh company record. Its latest purchase added 334 $BTC for $28.7 million at an average $85,838.80 per coin, including fees and expenses, pushing holdings from 847,666 $BTC to exactly 848,000 $BTC.
