
Strategy has almost caught up with BlackRock in Bitcoin holdings
The largest public corporate holder of BTC, Strategy, is rapidly closing the gap with market giant BlackRock.

As of March 19:
โ IBIT (BlackRock ETF): 784,062 BTC
โ Strategy: 761,068 BTC
โ Gap: less than 23,000 BTC (~$2 billion)
At the current pace of purchases (~22,337 BTC per week), Strategy could almost completely close the gap in just one week.

What's changed?
Until recently, the gap remained at 100,000โ150,000 BTC and showed little sign of narrowing. But since the beginning of 2026:
โ Strategy bought 88,500 BTC
โ IBIT added only 12,000 BTC
The reason is the slowdown in inflows into spot ETFs. Funds had been seeing outflows since November, and only in March did they begin to recover.

What's the difference?
โ ETFs buy BTC when investors' money comes in
โ Strategy buys BTC according to its own strategy, regardless of the market

Conclusion:
For the first time in a long time, a corporate player is catching up with the largest investment fund. This changes the balance of power and strengthens the role of large holders in the BTC market.

Now there's only one question: who will become number one?
โ Strategy if the momentum continues
โ BlackRock if strong inflows into ETFs return