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International Business Times

Business

Marvie Basilan

BlackRock's Bitcoin ETF IBIT Exceeds MicroStrategy's BTC Holdings

Bitcoin BlackRock MicroStrategy IBIT Crypto ETF Lark Davis Michael Saylor SEC SpaceX

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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