BlackRock and MicroStrategy are discreetly accumulating Bitcoin — who will reach 1 million first?

BlackRock and MicroStrategy are closely competing, collectively accumulating over 2,355 million BTC, each aiming for 21.42 million. While MicroStrategy consistently purchases Bitcoin weekly, BlackRock is benefiting from the influx of its ETF, with both firms capitalizing on market trends to build substantial Bitcoin reserves. The rivalry between BlackRock and MicroStrategy intensifies as they both strive to secure a significant 21 million Bitcoin. The two giants have rapidly accumulated more than 2,573 million BTC collectively, generating speculation that has sparked conversations about the market. As the race approaches its midpoint, anticipation builds to see who will finish first. MicroStrategy’s venture into Bitcoin, led by CEO Michael Saylor since 2013, has shown remarkable progress. The company currently holds 21,250 BTC and remains committed to its steadfast approach. Saylor remains unwavering in his commitment to Bitcoin, earning himself the label of a Bitcoin maximalist with a focused goal. In recent months, BlackRock’s iShares Bitcoin Trust (IBIT) has outperformed its rivals. IBIT currently possesses 2,000,869 BTC, reflecting its remarkable expansion. As per cryptocurrency analyst Lark Davis: BlackRock and MicroStrategy are competing to acquire 1,000,000 Bitcoin.