BlackRock’s Bitcoin Assets Surpasses MicroStrategy

According to the latest data, BlockRock‘s Bitcoin assets surpassed MicroStraegy. MicroStrategy, known for its Bitcoin purchases for a while, has been left behind in the number of Bitcoin assets.

MicroStrategy, which is called an indicator in the cryptocurrency market with Bitcoin purchase news, has surpassed BlackRock in terms of Bitcoin assets. According to the data shared by HODL15Capital on March 8, the fund under IBIT management, which entered its ninth trading week, reached 196,88 BTC. IBIT recently added 31,588 Bitcoin to its portfolio and increased its Bitcoin holdings, which is described as the gold of the cryptocurrency market.

HODL15 revealed that another ETF holding six-digit Bitcoin in its portfolio is Fidelity Wise Open Bitcoin (FBTC). As of the ninth week, the FBTC fund manages 124,876 BTC.

Despite the high numbers recorded in BTC exchange traded funds, MicroStrategy, which made its last purchase last week, officially holds 193,000 BTC. The IBIT fund’s latest move resulted in BlackRock overtaking Saylor’s company in terms of volume.

In this period when we see the main dynamics of the bull market, Bitcoin broke a new record yesterday by pinning $70,000. The entry of institutions into the cryptocurrency market, which is the harbinger of the rise and the bull market, signals that the upward momentum will continue.

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