BlackRock IBIT’s Bitcoin holdings exceed 210,000, currently surpassing MicroStrategy
2024-03-14 07:12
Odaily News BlackRock official data shows that as of March 12, its spot Bitcoin ETF (IBIT) holdings were 215,625.76908 BTC, with a market value of approximately US$15.2 billion, and the current number of outstanding shares is 357,680,000. It is worth mentioning that as of March 10, MicroStrategy and its subsidiaries held a total of approximately 205,000 Bitcoins, with a total purchase price of US$6.81 billion, and an average purchase price of US$33,706 per Bitcoin. This means that if MicroStrategy has not purchased enough BTC from March 10 to now, BlackRock IBITs Bitcoin holdings will have exceeded MicroStrategy. Earlier today, it was reported that MicroStrategy submitted an application for the issuance of US$500 million in convertible senior notes on Wednesday afternoon and plans to use the proceeds to purchase more Bitcoins. Assuming Bitcoin prices remain at current levels around $73,000, MicroStrategy will be able to use the funds from this latest raise to purchase 6,800 Bitcoins.
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