BlackRock's IBIT Bitcoin holdings exceed 210,000 coins, currently surpassing MicroStrategy
According to official data from BlackRock, as of March 12th, the holdings of its spot Bitcoin ETF (IBIT) amount to 215,625.76908 BTC, with a market value of approximately 15.2 billion USD and a current circulation of 357,680,000 shares. It is worth mentioning that as of March 10th, MicroStrategy and its subsidiaries collectively held around 205,000 bitcoins with a total purchase price of 6.81 billion USD at an average purchase price per bitcoin of $33,706. This means that if MicroStrategy did not acquire enough BTC from March 10th until now, then the Bitcoin holdings in BlackRock's IBIT would have exceeded those of MicroStrategy.
In news earlier today, it was reported that MicroStrategy submitted an application on Wednesday afternoon for a $500 million issuance of convertible senior notes and plans to use the proceeds to buy more bitcoins. Assuming the Bitcoin price remains around $73,000 currently levelled off at this point in time; MicroStrategy will be able to utilize the funds raised from this latest offering to purchase about 6,800 bitcoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump and Wall Street: How long will the love affair last?
Share link:In this post: Wall Street loved Trump’s win at first—stocks jumped, Bitcoin soared, and borrowing costs hit rock bottom, but some sectors started cracking fast. Tax cuts and deregulation made financial and energy stocks shoot up, but tariffs and plans to deport workers freaked out economists and markets. Tariffs mean higher prices for Americans, and even Walmart’s warning it’ll have to raise prices if Trump pushes through with his trade war.
OpenAI could face a bigger problem than Elon Musk’s lawsuit against it
Share link:In this post: OpenAI’s much bigger threat comes from government regulation since it has more power than Elon Musk. If the government chooses to investigate the shift of OpenAI from a non-profit to a Public Benefit Corporation, there will be severe repercussions. The AI company’s dual model has sparked controversies
Spot Bitcoin ETFs see record $2.42B inflows as Chinese ETFs suffer historic $2B outflows
Share link:In this post: Spot Bitcoin Exchange Traded Funds saw almost $2.5 billion in investments in a single week. However, the Chinese ETFs have seen a series of outflows, amounting to $2 billion worth of withdrawals. The Bitcoin rally helped elevate the spot ETF market, especially with Bitcoin close to reaching $100000.
The clash of Bitcoin and benchmark stock indexes
Share link:In this post: The S&P 500 is up 25% this year, with financial and cyclical stocks leading, boosted by optimism around a Trump administration and steady economic growth. Bitcoin has surged 40% this month, nearing $100,000, driven by aggressive trading, retail investor enthusiasm, and headlines hinting at government support. MicroStrategy’s stock hit a $100 billion market cap, tripling its Bitcoin holdings’ value, but its wild 32% drop from intraday highs shows cracks in the frenzy.
Trending news
MoreCrypto prices
More
