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MicroStrategy now holds ~815,000 BTC, surpassing BlackRock’s IBIT (~800,000), a symbolic win as Bitcoin trades near $78k.
MicroStrategy’s Bitcoin treasury hit ≈ 815,000 BTC (~$61.6 bn) on April 19 2026, overtaking BlackRock’s spot‑ETF IBIT as the world’s largest institutional Bitcoin holder [1]. The milestone matters because it shows a single software firm out‑pacing the planet’s biggest asset manager in a market where institutional demand is a key price driver.
| At a glance | |
|---|---|
| BTC held by MicroStrategy | ~815,000 BTC |
| Cost basis (average) | ~$75,527 per BTC |
| Current BTC price | ~$78,000 (quiet range) |
| Catalyst | Aggressive buying during 2022‑2025 bear market; ongoing “zero‑dilution” funding loop |
MicroStrategy accumulated 34,164 BTC for roughly $2.54 bn at an average price of $74,395, generating a 9.5 % YTD 2026 BTC yield [1]. The firm still has $26 bn of at‑the‑market common‑share capacity and $1.6 bn in its STRF preferred‑stock vehicle, which Saylor has earmarked to push the holding toward 1 million BTC by year‑end [1]. By contrast, BlackRock’s IBIT held about 802,823 BTC on April 19 and rose to ~806,700 BTC by April 24, still trailing MicroStrategy by roughly 8,000 BTC [1].
Bitcoin is trading near $78,000, a level well below its 2025 peak of $109,000, and ETF inflows are flat [1]. Wall‑Street forecasts vary widely: JPMorgan projects $170,000 in six‑to‑twelve months, with a $266,000 “gold parity” ceiling; Citigroup’s 2026 base case sits at $112,000 after trimming from $143,000; Galaxy Digital’s CEO still cites a $500,000 target contingent on a U.S. strategic reserve [1]. Retail sentiment treats the current range as a “generational accumulation zone” rather than a top, while some traders warn that a dip into the $70,000s could force MicroStrategy to tap its cash reserve at lower prices [1].
| Metric | Value |
|---|---|
| Total BTC supply (circulating) | ~19.3 M BTC (industry estimate) |
| MicroStrategy share of supply | ~4.2 % |
| BlackRock IBIT share of supply | ~4.2 % |
MicroStrategy’s ascent underscores how a focused corporate treasury strategy can rival traditional asset managers, but the path to 1 million BTC hinges on continued buying power and price stability in a volatile market.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jun 29, 2026 · How we report
MicroStrategy treats Bitcoin as its primary treasury asset, using a combination of equity and credit instruments to accumulate holdings while managing liquidity for corporate obligations.
While the firm has historically emphasized long-term accumulation, reports indicate that it has engaged in Bitcoin sales to strengthen dollar reserves and cover dividend payments.
The company raises capital primarily through at-the-market sales of common stock and the issuance of perpetual preferred shares.
MicroStrategy stock often mirrors the performance of Bitcoin, with both assets frequently rising or falling in tandem during market shifts.