🔗 Crypto & Blockchain

Strategy's $1B BTC Buy Nears BlackRock ETF Holdings

Strategy just shelled out $1 billion for 14,000 Bitcoin, pushing its hoard to 781,000 BTC—mere thousands away from dethroning BlackRock's ETF giant. Michael Saylor's betting the farm on BTC's slow grind higher.

MicroStrategy Bitcoin stockpile chart nearing BlackRock ETF holdings after $1B purchase

⚡ Key Takeaways

  • Strategy's $1B BTC buy boosts holdings to 781K, nearing BlackRock's 790K ETF stash. 𝕏
  • Funded solely via STRC preferred shares—no common stock dilution this time. 𝕏
  • Saylor: 2% annual BTC growth covers dividends indefinitely. 𝕏
  • Shares dipped post-news, but prediction markets bet against sales. 𝕏
Lisa Zhang
Written by

Lisa Zhang

Digital assets regulation reporter tracking SEC, CFTC, stablecoin legislation, and global crypto law.

Worth sharing?

Get the best Fintech stories of the week in your inbox — no noise, no spam.

Originally reported by Decrypt

Stay in the loop

The week's most important stories from Fintech Dose, delivered once a week.