Bitcoin Behemoths Strategy and IBIT Amass 1.65 Million BTC Worth $140B
Key Summary
Bitcoin behemoths Strategy and IBIT have amassed 1.65 million BTC worth approximately $140.82 billion, accounting for nearly 8% of the network's maximum supply of 21 million. Strategy, a corporate treasury, holds 848,000 BTC worth around $72.23 billion at $85,179 per coin. IBIT, an ETF trust, holds 805,222.42 BTC, but in-kind outflows do not necessarily mean bitcoin sales. Strategy and IBIT control 1.65 million BTC, or 7.87% of Bitcoin's 21 million supply cap.
Strategy and Blackrock’s IBIT now control a combined 1.653 million bitcoin worth roughly $140.82 billion, nearly 8% of the network’s absolute 21 million supply ceiling. The two piles are almost the same size, but that’s where the resemblance ends. Strategy operates a corporate treasury, while IBIT’s bitcoin backs shares in an exchange-traded fund (ETF) trust. […]