Strategy's Bitcoin Stash Nearly Catches BlackRock's ETF—Saylor Just Needs 9,000 More BTC

Strategy just dropped another billion on Bitcoin, and honestly, BlackRock's spot ETF should be checking its mirrors more often. The asset manager's throne is looking suspiciously wobbly.

The Tysons Corner firm announced it spent $1 billion on roughly 14,000 Bitcoin last week—its largest single purchase in nearly a month. All that sweet Bitcoin came courtesy of its flagship preferred share, STRC, which pays out a handsome 11.5% in monthly dividends. Apparently, printing money to buy money is still very much in style.

With Bitcoin hovering around $70,900, Strategy now hodls an impressive 781,000 BTC worth a cool $55.3 billion. That's just a stone's throw from BlackRock's spot Bitcoin ETF, which holds an estimated 790,000 Bitcoin. Assuming inflows stay flat, Strategy would only need to snag another 9,000 Bitcoin to claim the throne on Wall Street. We're talking less than 1.2% of the gap remaining—Saylor must be feeling like he's speedrunning the whole "become the world's largest Bitcoin holder" achievement.

Michael Saylor took to X on Sunday to explain the company's strategy.