It's Official — Strategy Is Now the World's Largest Bitcoin Holder

Last week, we told you the flip was coming. This week, it happened.

Strategy Inc. purchased an additional 34,164 Bitcoin, bringing its total treasury to 815,061 BTC — officially surpassing BlackRock's IBIT, which holds 802,823 BTC. Strategy is now the world's largest institutional Bitcoin holder.

BitcoinTreasuries.NET’s Tyler Rowe breaks down why this news is so monumental for the Bitcoin industry:

This week's acquisition is Strategy's third-largest single-week purchase on record, funded primarily through its STRC preferred equity program. Our STRC Bitcoin Accumulation Tracker continues to prove its value — forecasting 26,334 BTC in STRC-driven purchases against a confirmed 29,254 BTC, with the remaining 4,919 BTC coming through regular ATM stock sales. On Strategy's third-largest single-week buy ever, the model tracked direction and magnitude.

Secure Digital Markets (SDM) provides unparalleled liquidity, execution speed, and bespoke customer service, making it the top choice for institutional investors seeking reliable digital asset trading solutions. With deep expertise in capital markets and strict regulatory standards, SDM stands out as the premier platform for all digital asset treasury teams looking to optimize their trading and treasury operations.

Why This Matters

In the video above, Tyler outlines why Strategy’s Bitcoin buying marathon, powered by STRC, has changed the game:

• Mega Buy + Unmatched Scale: Strategy executed its third-largest Bitcoin purchase ever — 34,164 BTC for roughly $2.54 billion at an average price near $74,000. Total holdings now stand at 815,061 BTC. Strategy is indisputably the dominant player shaping the entire bitcoin market.

• The STRC Flywheel (Digital Credit Era): 85% of the purchase was funded through the STRC preferred equity. This marks the evolution of Strategy's playbook from opportunistic capital raises to a repeatable, scalable financing system built specifically to acquire Bitcoin. This turns accumulation into an ongoing machine rather than a series of isolated events.

• Speed and Execution: Most of the $2.5 billion was raised and deployed within two days — Monday and Tuesday only. STRC didn't even trade at par on Wednesday through Friday. The capital mobilization speed here is unlike anything else in public markets.

• The Supply Vacuum: Strategy bought 1,085% of the weekly mined supply in a single week. Year-to-date: 142,561 BTC acquired against roughly 49,000 mined globally. The gap — 93,511 BTC — is the supply vacuum. Bitcoin is being absorbed faster than it can be created. That's a structural shift that is coiling a spring due to Bitcoin’s finite supply.

• Profitability + The Digital Credit Revolution: With a cost basis around $75,500 and Bitcoin trading just above that level, Strategy's entire stack is back in profit. The proposed shift to semi-monthly STRC dividends — formalized with a June 8th shareholder vote — would make STRC the only preferred security in the world paying semi-monthly. Paired with how Strive's SATA is paying on off-weeks, digital credit holders could collect a dividend every single week.

• The Endgame: S&P Inclusion: Sustained profitability makes S&P 500 inclusion a realistic outcome — forcing passive funds and retirement accounts to gain indirect Bitcoin exposure through MSTR, whether they want it or not. That’s the roadmap to widespread bitcoin adoption.

Last week, we told you the flip was coming. This week, it's confirmed. Here's what the new leaderboard looks like — and how far Strategy has already pulled ahead.

Strategy vs BlackRock

Strategy (MSTR) 🇺🇸

• BTC added: 34,164 BTC
• Estimated value: $2.54 billion (at an average of $74,395 per BTC)
• New total holdings: 815,061 BTC
• Funding source: ATM equity raise
• Current Ranking: #1 among public companies
• % of total supply: ~3.88%
• Market cap: $55 Billion (Basic)
• Enterprise value: $72 Billion
• mNAV: 1.26

To emphasize scale: year-to-date, Strategy has accumulated 142,500 BTC while the Bitcoin mining industry has produced 49,000 BTC. This means Strategy is buying at nearly 3x the global mining rate. The supply vacuum now stands at 93,511 BTC — more than all miners have produced in 2026 combined.

Track Strategy's updates on the live dashboard.

BlackRock (IBIT) 🇺🇸

• BTC added: 12,015 BTC
• Estimated value: ~$900 million
• New total holdings: 802,823 BTC
• Funding source: Investor creations / net inflows
• Current Ranking: #1 among ETFs and Exchanges
• % of total supply: ~3.82%

IBIT added an estimated 12,015 BTC over the same period. New competition from Morgan Stanley and Goldman Sachs entering the ETF space is putting pressure on IBIT's position, particularly on fees and distribution.

Track Blackrock's updates on the live dashboard.

The leaderboard has flipped. The question now is how far ahead Strategy will pull.

Special thanks to our partners:

• AnchorWatch. AnchorWatch makes Bitcoin ownership safer and easier by combining advanced custody expertise with industry-grade insurance. As a Lloyd’s of London Coverholder, it writes specialized policies that address digital-asset risks, giving clients trusted coverage and peace of mind. Learn more: AnchorWatch

• Apyx. is the first dividend‑backed stablecoin protocol that turns preferred equity from Digital Asset Treasury (DAT) companies into programmable, high‑yield digital dollars. Apyx delivers sustainable double‑digit yield with institutional transparency, daily NAV visibility, and verifiable on‑chain reserves. Learn more: Apyx

• Arch Lending. Get instant, secure loans backed by your Bitcoin, Ethereum, or Solana—no need to sell your assets. Arch Lending offers fast approvals and trusted custody for both individuals and institutions. Learn more: Arch Lending

• BitGo. BitGo is the leading institutional-grade digital asset custody, trading, and finance platform, trusted by exchanges, hedge funds, and corporations worldwide to secure and manage their crypto holdings. As the pioneer of multi-signature wallet technology, BitGo provides unmatched security, regulatory compliance, and deep liquidity solutions for serious digital asset operations. Learn more: BitGo

• Cadena Bitcoin. A p2p bitcoin lending marketplace with a unique emphasis on working with treasury firms and businesses, as well as the savvy bitcoin-native investors who visit our website. Learn more: Cadena Bitcoin

• Coinkite. Coinkite is a leader in security and hardware manufacturing and the maker of some of the most iconic Bitcoin products, such as OPENDIME, COLDCARD, BLOCKCLOCK, SATSCARD, TAPSIGNER and SATSCHIP. Learn more: Coinkite

• Cryptio. Cryptio is an enterprise-grade accounting software platform built specifically for digital assets and cryptocurrencies. It enables businesses to transform blockchain transaction data from multiple exchanges and custodians into auditable financial records, supporting compliance with GAAP and IFRS standards. Learn more: Cryptio

• The Hemisphere Foundation. Hemisphere develops open-source solutions designed to help treasury teams securely manage, deploy, and optimize their BTC holdings, with benefits of self-custody and Bitcoin native deployment. Learn more: The Hemisphere Foundation

• Orange Wheel Advisors. Orange Wheel Advisors is a strategic consulting firm that helps companies navigate Bitcoin’s impact on corporate finance and competitive strategy. With expertise spanning treasury management, payments, capital structure, mining, and investor communications, they provide executive education, tailored strategies, and execution support to guide businesses through the global monetary transition. Learn more: Orange Wheel Advisors

• o21 Solutions. o21 develops and implements Bitcoin-powered corporate strategy, transforming value chains with strategic expertise and tailored advisory services, with a focus on both Treasury and Operations - balance sheet accumulation, mining, and payments. Reduce cycle time through the corporate Bitcoin adoption journey through our pre-packaged or tailored engagements. Learn more: o21 Solutions

• Psalion. Psalion is a Bitcoin and digital-asset yield manager that offers institutional‑style investment strategies to professional investors, family offices, corporates, and private clients via separately managed accounts and yield funds. Learn more: Psalion

• Secure Digital Markets (SDM) provides unparalleled liquidity, execution speed, and bespoke customer service, making it the top choice for institutional investors seeking reliable digital asset trading solutions. With deep expertise in capital markets and strict regulatory standards, SDM stands out as the premier platform for all digital asset treasury teams looking to optimize their trading and treasury operations. Learn more: Secure Digital Markets (SDM)

• Stacking Sats Inc. Official IT partner at BitcoinTreasuries, Stacking Sats Inc via its subsidiary, Framework IT, is a managed IT services firm with a 17-year track record of providing best-in-class IT support, strategy, and cybersecurity, boasting high recurring revenue and long-term client contracts. It’s also one of the top 20 holders of Bitcoin among global private companies. Learn more: Stacking Sats Inc

• XCE. An executive recruitment group that combines a profitable recruitment business with a Bitcoin treasury strategy. The company turns over a decade of executive recruitment experience and four years of Bitcoin accumulation into a public Bitcoin‑powered growth engine, using a proven operating business to drive Bitcoin treasury accumulation. Learn more: XCE

• Zaprite. Zaprite is a non-custodial payment platform that allows individuals and businesses to seamlessly accept both bitcoin (on-chain and lightning) and fiat payments in a unified, customizable checkout experience. Users can easily issue invoices, generate payment links, and connect multiple wallets or custodial accounts, all while handling their own funds directly. Learn more: Zaprite