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BlackRock’s Massive BTC Purchase Signals Institutional Bull Run

Published

1 year ago

on

BlackRock has made headlines by acquiring 9,139 BTC worth over $1 billion this week, outpacing weekly mining output by nearly threefold. The move by the world’s largest asset manager underscores deepening institutional interest in Bitcoin as a portfolio staple.

This purchase adds to BlackRock’s growing crypto treasury, with its iShares Bitcoin Trust (IBIT) ETF now holding over 400,000 BTC. Analysts view it as a bet on BTC’s long-term value amid easing monetary policy. “Institutional demand is the new fuel for Bitcoin’s ascent,” noted a Galaxy Digital report.

The acquisition coincides with BTC’s push above $116,000, boosting ETF inflows to $441 million last week. It also highlights a broader trend: firms like MicroStrategy and Metaplanet continue stacking BTC, achieving yields exceeding 400% YTD. While retail investors chase altcoins, BlackRock’s action could stabilize prices during corrections. As adoption accelerates, expect more corporates to follow, potentially catapulting BTC to new highs by year-end.

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Bitcoin

Strategy (MicroStrategy) Adds 250 Bitcoin, Holdings Reach 848,250 BTC

Published

2 weeks ago

on

October 13, 2026

By

Strategy, Inc. (Nasdaq: MSTR), the company led by Executive Chairman Michael Saylor, acquired an additional 250 bitcoin for approximately $21.5 million between October 5 and October 11, 2026, at an average price of $86,194 per coin (including fees and expenses). The purchase brings the firm’s total holdings to 848,250 BTC.

The company funded the acquisition primarily through net proceeds of about $21 million from at-the-market sales of 125,183 shares of its Class A common stock (MSTR), with the remaining roughly $0.5 million drawn from its USD cash balance. No preferred stock was sold during the period. Strategy’s cumulative bitcoin investment now stands at roughly $64 billion, acquired at an average cost basis of approximately $75,444 per coin. At recent market prices, the holdings represent more than 4% of Bitcoin’s fixed 21 million supply cap and carry substantial unrealized gains.

In the same weekly update, Strategy reported repurchasing 1,932,145 shares of its STRC preferred stock (Variable Rate Series A Perpetual Stretch Preferred Stock) for an aggregate of about $192.4 million. The company maintains a large USD reserve—previously reported near $4.88–$5.5 billion—to support preferred stock dividends and interest payments on outstanding debt. Additional cash balances remain available for treasury activities, including further bitcoin purchases.

Saylor highlighted the latest acquisition on X with the familiar phrase “There’s always room for more orange,” continuing his long-running pattern of signaling accumulation. Strategy remains the largest publicly traded corporate holder of bitcoin. The move occurred against a backdrop of elevated volatility, with bitcoin trading in the roughly $81,000–$84,000 range around October 12 after earlier strength above $84,000.

The latest purchase marks continued, if more modest, weekly accumulation following larger buys in prior weeks. Strategy has paired ongoing bitcoin treasury expansion with active capital management, including preferred-stock repurchases, while relying on equity issuance and existing cash reserves to fund purchases.

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