Strategy Surpasses BlackRock With 815,061 Bitcoin — Now the World's Largest Corporate BTC Holder

Strategy Just Became the World's Largest Corporate Bitcoin Holder

The race to accumulate Bitcoin at institutional scale reached a milestone this week. Strategy — the company led by Michael Saylor and formerly known as MicroStrategy — surpassed BlackRock's iShares Bitcoin Trust to become the single largest publicly traded corporate holder of Bitcoin, with 815,061 BTC now in its treasury.

The position was built through a structured acquisition series. Between April 14 and April 20, 2026, Strategy purchased 34,164 BTC for approximately $2.54 billion, pushing its total holdings past BlackRock's IBIT fund at approximately 806,700 BTC. Following the disclosure, Strategy shares climbed 9.4%.

How Strategy Got Here

Strategy's Bitcoin accumulation program has operated at a remarkable pace in 2026. In just the first 110 days of the year, the company has already acquired 62% of its entire 2025 Bitcoin purchase volume. At the current acquisition rate of approximately 774 BTC per day, analysts project the company will cross the milestone of one million Bitcoin around December 15, 2026.

The capital to fund these purchases comes from two primary instruments: at-the-market equity offerings and the company's STRC preferred stock, a structured instrument offering an 11.5% annualized yield. That yield is directly connected to Strategy's Bitcoin accumulation strategy, which has attracted institutional investors who want Bitcoin exposure through a traditional financial instrument rather than direct custody or ETF participation.

The Scale of the Holding

815,061 BTC represents approximately 3.8% of Bitcoin's total fixed supply of 21 million coins. That concentration — held on a single publicly traded company's balance sheet — makes Strategy unlike any other institutional Bitcoin vehicle in existence.

For context: BlackRock's IBIT is an exchange-traded fund holding client assets, meaning its Bitcoin exposure is distributed across a large number of beneficial holders. Strategy's treasury is held directly on the company's balance sheet, with the full value reflected in its stock price. The two structures serve different investor needs, but the milestone of Strategy crossing IBIT's BTC holdings signals how far the corporate Bitcoin treasury model has matured since Strategy began accumulating in 2020.

The Market Context

Bitcoin was trading near $77,500 at the time of the purchase disclosure, holding a range that analysts have characterized as consolidation within a broader bull market cycle. Strategy's April purchase — one of the company's largest single acquisitions by dollar value — signals continued conviction in that longer-term outlook.

The steady pace of institutional Bitcoin accumulation by Strategy, combined with the historic inflows to Bitcoin ETFs from BlackRock, Fidelity, and others, supports a macro picture of expanding institutional adoption that has become one of the defining trends of the 2026 crypto market.

What the Milestone Signals

For Bitcoin investors tracking the institutional ownership landscape, Strategy crossing BlackRock at the top of the corporate holder list represents a structural development in the market. It is no longer just hedge funds and ETF issuers driving institutional Bitcoin accumulation — it is publicly traded operating companies treating Bitcoin as a primary treasury reserve.

Michael Saylor has consistently framed Strategy's approach as a multi-decade capital allocation thesis rather than a trade. The April 2026 purchases continue that thesis at scale, with the one-million-BTC milestone now visible on a December 2026 projected timeline.

Sources: Foreign Policy Journal (April 23, 2026), AInvest (April 23, 2026), CoinDesk (April 24, 2026), The Currency Analytics (April 24, 2026)