24/7 Cryptocurrency News

BlackRock And MicroStrategy Are Racing To 1 Million Bitcoin: Who Will Get There First?

The race to 1 million Bitcoin is heating up with MicroStrategy and BlackRock in pole position to reach the milestone.
Published by
BlackRock And MicroStrategy Are Racing To 1 Million Bitcoin: Who Will Get There First?

Highlights

  • MicroStrategy and BlackRock are jockeying to be the first to hold 1 million BTC.
  • Both firms are over the halfway mark with impressive BTC holdings.
  • Michael Saylor's Bitcoin conviction and BlackRock's momentum are key factors in the race.

A Bitcoin arms race is brewing between BlackRock and MicroStrategy, with both entities racing to stack a million BTC. Market watchers are split over which firm will be the first to reach the milestone, but the odds are tilting in favor of MicroStrategy.

Advertisement

MicroStrategy Or BlackRock Are In A Mad Dash To 1 Million BTC

MicroStrategy and BlackRock are in a heated race to be the first entity to acquire 1 million Bitcoin. Cryptocurrency analyst Lark Davis, in an X post, noted that both entities are at the halfway mark, holding over 500,000 BTC each.

At the moment, MicroStrategy holds 553,555 BTC on its balance sheet after a long-term aggressive Bitcoin accumulation spree. On the other hand, BlackRock’s iShares Bitcoin Trust (IBIT) holds 573,869 BTC on behalf of investors.

“BlackRock and MicroStrategy are in a race to reach 1,000,000 Bitcoin,” wrote Davis. “Currently, BlackRock’s $IBIT holds 573,869 BTC while $MSTR holds 553,555 Bitcoin.”

Both firms have shown a resolve to double down on their Bitcoin accumulation in recent weeks. For the Michael Saylor-led MicroStrategy has gained $5.1 billion from its Bitcoin holdings in 2025 alone. On the flip side, BlackRock has a string of tailwinds expected to power its march to 1 million BTC.

Advertisement

Will MicroStrategy Reach 1 Million BTC First?

The case for MicroStrategy to reach 1 million BTC before BlackRock is compelling. MicroStrategy CEO Michael Saylor’s conviction is the strongest driver for the software company’s push toward 1 million Bitcoin.

Michael Saylor has earned the moniker of a Bitcoin maximalist, with the CEO adopting a laser focus on the largest cryptocurrency.

MicroStrategy has bagged over 500,000 BTC in steady fashion since its first purchase back in 2020. The company’s latest acquisition of 15,355 BTC for $1.42 billion extended its weekly purchase streak.

Outside of Saylor’s conviction, MicroStrategy has evolved into a Bitcoin-first company in addition to an aggressive accumulation strategy. The company continues to stack Bitcoin across bull and bear markets with the “freedom” to use stock offerings and convertible notes to fund purchases.

Advertisement

Will BlackRock Reach 1 Million BTC First?

BlackRock also has a compelling argument going on for it in the race to reach the 1 million BTC milestone. Right out of the bat, the sheer pace of growth of the IBIT ETF since its launch has seen it surpass MicroStrategy’s BTC holdings.

The ETF recorded over $1 billion in inflows in a single day, with BlackRock accumulating 573,869 BTC in less than a year. Rising ETF demand amid clear regulations is a tailwind in BlackRock’s quest to reach the 1 million BTC milestone.

However, BlackRock’s push is dependent on investor sentiment, with liquidation being a real possibility in the event of massive outflows.

Advertisement

Share
Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he's not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

“Meme Coin SZN Is Here,” Says CZ As GIGGLE, 4 Price Skyrocket to All time Highs

Binance’s Changpeng “CZ” Zhao made a post suggesting the start of the BNB meme coin…

October 8, 2025
  • 24/7 Cryptocurrency News

CZ’s YZi Labs Commits $1 Billion Builder Fund As Binance Coin Surpasses XRP

Changpeng "CZ" Zhao's family office YZi Labs announced $1 billion Builder Fund to fuel BNB…

October 8, 2025
  • 24/7 Cryptocurrency News

Expert Sees LTC Crashing to $50 Even As Litecoin ETF Approval Reaches Final Stage

Litecoin (LTC) has been under investors' radar recently, after a 10% rally over the past…

October 8, 2025
  • 24/7 Cryptocurrency News

CleanCore’s Dogecoin Treasury Pays Off Big With $20M Gains as Holdings Near 1B DOGE

CleanCore’s Dogecoin Treasury has reported over $20 million in unrealized gains just weeks after launch.…

October 8, 2025
  • 24/7 Cryptocurrency News

Crypto Market Crash: $700M Liquidated in Bitcoin, ETH, XRP, SOL, DOGE, XPL

Crypto market crash on Wednesday saw the market cap tumbling back to $4.1 trillion, down…

October 8, 2025
  • 24/7 Cryptocurrency News

GraniteShares 3x XRP ETF Can Trigger ‘Panic Buying XRP’ Says Expert

On Tuesday, October 7, GraniteShares filed with the U.S. Securities and Exchange Commission (SEC) for…

October 8, 2025