- Strategy surpasses BlackRock with ~815,061 BTC after a 34,164 BTC purchase surge.
- IBIT trails at ~802,823 BTC as corporate accumulation outpaces ETF inflows.
- Morgan Stanley enters Bitcoin with lower fees and $9.3T wealth access support.
Strategy surpasses BlackRock in Bitcoin holdings after a $2.5B buy, tightening the institutional Bitcoin race. The Bitcoin market now reflects a leadership shift driven by corporate accumulation over ETF inflows. This Bitcoin development signals changing control within large-scale institutional exposure.
Strategy Secures Top Spot in Bitcoin Holdings
Strategy increased Bitcoin holdings after acquiring 34,164 BTC in a single transaction. As a result, total holdings reached about 815,061 Bitcoin, moving ahead of BlackRock. This Bitcoin move creates a lead of over 12,000 BTC based on latest figures.
Meanwhile, Strategy continues steady Bitcoin accumulation through its preferred equity issuance structure. The firm has added more than 108,000 Bitcoin during 2026, maintaining a strong purchase pace.
Consequently, this Bitcoin strategy supports rapid expansion compared to traditional fund inflows.
🚨 STRATEGY OVERTAKES BLACKROCK !
What an achievement for @saylor !
With this latest purchase of 34,164 $BTC, Strategy now holds more BTC than the giant BlackRock.
• Strategy holdings : ~815,061 BTC⁰• IBIT : ~802,823 BTC (as of April 17)
Let’s take a full breakdown of… pic.twitter.com/2XPXQub448
— Darkfost (@Darkfost_Coc) April 21, 2026
In addition, Strategy applies a consistent Bitcoin acquisition model across varying market conditions. The company converts capital market demand into direct balance sheet exposure.
Therefore, this Bitcoin approach strengthens its position in institutional holdings.
BlackRock Trails as Broader Bitcoin Competition Intensifies
BlackRock now trails in Bitcoin holdings through its iShares Bitcoin Trust after losing the lead. IBIT holds about 802,823 Bitcoin, keeping the gap relatively narrow.
However, this Bitcoin difference still reflects a shift in institutional ranking.
At the same time, Morgan Stanley entered the Bitcoin space with a new trust product MSBT. The firm offers a 0.14% fee, which is lower than IBIT’s 0.25% rate. As a result, this Bitcoin product connects to about $9.3 trillion in managed assets.
Furthermore, Morgan Stanley accumulated about 1,348 Bitcoin worth over $100 million shortly after launch. This early traction highlights growing institutional access through traditional financial channels.
Consequently, this Bitcoin expansion adds pressure within an increasingly competitive market.
Network conditions also influence the Bitcoin outlook as institutional flows increase. The hash rate declined by about 12%, marking the sharpest drop since 2021. Therefore, this Bitcoin factor raises operational concerns as miner revenue fell from $45 million to $28 million daily.
