BlackRock's IBIT Bitcoin holdings exceed 210,000 coins, currently surpassing MicroStrategy

According to official data from BlackRock, as of March 12th, the holdings of its spot Bitcoin ETF (IBIT) amount to 215,625.76908 BTC, with a market value of approximately 15.2 billion USD and a current circulation of 357,680,000 shares. It is worth mentioning that as of March 10th, MicroStrategy and its subsidiaries collectively held around 205,000 bitcoins with a total purchase price of 6.81 billion USD at an average purchase price per bitcoin of $33,706. This means that if MicroStrategy did not acquire enough BTC from March 10th until now, then the Bitcoin holdings in BlackRock's IBIT would have exceeded those of MicroStrategy.

In news earlier today, it was reported that MicroStrategy submitted an application on Wednesday afternoon for a $500 million issuance of convertible senior notes and plans to use the proceeds to buy more bitcoins. Assuming the Bitcoin price remains around $73,000 currently levelled off at this point in time; MicroStrategy will be able to utilize the funds raised from this latest offering to purchase about 6,800 bitcoins.