MicroStrategy (now Strategy) has officially surpassed BlackRock in Bitcoin reserves after acquiring 34.164 BTC. With this acquisition, the company solidifies its absolute leadership as a corporate treasury reserve.
Strategy has executed its largest weekly acquisition of digital assets since the end of 2024, adding 34.164 BTC to its corporate balance sheet. This transaction, valued at approximately 2.540 million, places the company's total holdings in 815.061 units of the cryptocurrency. The move is not simply another figure in the accounting records; it represents a turning point in the institutional ownership structure of the cryptocurrency.
At the close of this transaction, the company led by Michael Saylor nominally owns 12.237,55 BTC more than the fund iShares Bitcoin Trust (IBIT) from BlackRock, the highest volume BTC spot ETF on the market.
While the asset management giant manages its reserves for third parties, the technology firm has chosen to integrate each coin directly into its equity. This difference in the nature of Bitcoin ownership underscores a strategic divergence between indirect Wall Street exposure and direct equity commitment.
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Strategy's outperformance of BlackRock's inventory demonstrates the effectiveness of an operating model designed exclusively for value accumulation. According to reports filed with the Securities and Exchange Commission (SEC)The company financed this purchase through the issuance of Class A common shares y perpetual preferred shares under the ticker STRC.
This capitalization mechanism allows Saylor's firm to operate with an agility that exchange-traded funds (ETFs) lack, as the latter depend primarily on the inflows and outflows of their retail and institutional clients. In this scenario, Strategy functions as an investment vehicle leveraged on its own capital, transforming its corporate structure into a kind of permanent digital reserve. Current data indicates that the company's position now represents more than 3,8% of the total supply of 21 million bitcoins that will exist historically.
Market dynamics suggest that this nominal advantage of Strategy over the IBIT BlackRock's analysis reinforces the thesis of the company as a leading Bitcoin accumulator. Observing investor behavior reveals a preference for the direct exposure offered by a company's balance sheet compared to derivatives or managed products.
Experts report a recent recovery of the net asset value (NAV) multiplier to 1,00, confirming that the market has once again validated Saylor's aggressive financing strategy. Unlike fund managers that charge management fees, Strategy uses the flow from its financial instruments to expand its asset base without the operating costs associated with managing third-party portfolios. This structural efficiency is what has allowed it to regain the lead in what many analysts call the race for digital scarcity.
A financial model that is gaining traction
The success of this latest bitcoin acquisition hinges on the performance of Strategy's new financial instruments, specifically its STRC preferred shares. This asset, which offers variable dividends to maintain close to its face value, recently recorded a trading volume of $1.100 billion in a single day.
The board's proposal to double the frequency of the dividend paymentsAs Bit2Me News reported last week, the company is seeking to inject greater stability and attractiveness into this investment vehicle. By reducing reinvestment delays and improving liquidity, the company guarantees a constant flow of fresh capital intended for the purchase of more BitcoinIt is a financial feedback loop that, if current plans are fulfilled, points to a total revenue of 84.000 million Through the plan «42/42» towards the year 2027.
While other publicly traded companies like Marathon Digital (MARA) and Riot Platforms hold significant positions on their balance sheets, none approach the scale of execution of the Virginia-based firm. The gap between Strategy and the second-largest publicly traded corporate holder is already hundreds of thousands of bitcoins. Market analysts assert that the use of hybrid equity and debt instruments has allowed the company to navigate the volatility of the average price, which currently stands at $75.527 per BTC unit.
Source: BitcoinTreasuries
Despite Strategy's share price contracting from its 2025 highs, the rebound of 27% The past week's performance reflects a renewed appetite for its unique business model. The price stability sought through dividend updates will be the determining factor in sustaining this pace of purchases in the coming quarters.
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Following the latest BTC purchase, experts' projections for 2027 revolve around the sustained growth of Strategy's equity issuance programs. The company still has 26.700 million available, which will allow it to maintain a pace of expansion that is hard to match within the market.
According to BitcoinTreasuries records, while 195 public companies own Bitcoin And while others have attempted to replicate this treasury model, none have achieved the scale necessary to challenge Strategy's current dominance. The success of this model has accomplished what seemed improbable: a public company surpassing BlackRock's IBIT volume, positioning its total holdings ever closer to the estimated threshold of million bitcoins attributed to Satoshi Nakamoto.
As this publication has reported, the firm's accumulation strategy responds to a search for reserve assets independent of conventional monetary policy, while its corporate structure allows investors to gain exposure to cryptocurrency under innovative standards.
The shareholders' vote on next June 8 This will mark the next administrative milestone in validating Strategy's expansion. For now, the data confirms that the firm's balance sheet has surpassed the world's most powerful traditional asset management infrastructure, solidifying a bastion of digital value that challenges established financial hierarchies.
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