Michael Saylor’s Strategy Inc. is closing in on BlackRock in terms of Bitcoin (BTC) circulation, and could surpass it within days.
As of this writing on April 15, 2026, Strategy holds 780,897 BTC and 791,272 BTC has been accumulated in iShares Bitcoin Trust (IBIT), a physical exchange-traded fund (ETF) managed by BlackRock.
The difference between the two is only 10,375 coins. However, BitcoinTreasuries.NET, a site that tracks BTC government bonds, estimates that Strategy (the listed company with the most BTC) could buy more than 25,000 BTC. This week, it will be able to exceed its holdings in IBIT through the STRC preferred stock scheme.
Additionally, recent inflows into the BlackRock ETF have been relatively subdued. From April 9th to 15th, IBIT added just 3,000 BTC, which is not enough for Strategy to maintain its lead if it maintains its current buying pace.
The company, led by Michael Saylor, has already accumulated over 108,000 BTC as of 2026. According to the same tracking study, its performance is expected to reach 1 million BTC by November.
This prediction becomes even more important as we are faced with two different models of exposure to BTC. On the one hand, as CriptoNoticias explained, BlackRock controls the largest digital currency ETF on the market, a vehicle designed to steer investment away from the stock market to institutional and individual investors.
Strategy, on the other hand, follows a direct accumulation strategy on the balance sheet. Buy BTC to keep it as a corporate asset despite price fluctuations.
