Who will win the race to reach 1 million BTC?

[Seven Star7]

The two largest corporate holders of Bitcoin are Strategy and BlackRock. We see these two corporates holding the most Bitcoin and they have been investing in Bitcoin continuously through the DCA method. So far, Strategy has bought 843,738 Bitcoins and BlackRock has bought 817,138 Bitcoins. So here we discuss through a voting who will move forward to meet the goal of 10,00000 Bitcoins.

My vote will be Strategy...

Your vote???

[Oshosondy]

I do not have anything to vote, it is not worth something we can vote for. What that matters to me is that the adoption should continue which will make more people buy the spot ETF shares  which will make Blackrock will add more bitcoin to its bitcoin storage. Micheal Saylor has said Strategy is going to 1 million BTC.

[Ambatman]

They are dissimilar and can't even be compared
BlackRock is an ETF
They are custodians that help investors manage their Bitcoin
They don't own it
Unlike Strategy that buys via DCA and it's added to their company portfolio.

So Strategy easily
Since BlackRock don't buy not to mention engage in DCA.

[Popkon6]

In terms of Bitcoin holding, MSTR company has played the best role, because they have continuously purchased Bitcoin to create an orange row. Where under the leadership of Michael Saylor, they have been able to deposit 843738 Bitcoins, and only by purchasing 152262 Bitcoins can they complete the purchase of one million Bitcoins.
However, only by adding a few more orange rows, it will be possible to purchase 1 million Bitcoins. However, it will be possible to complete the purchase of 1 million Bitcoins very soon under the leadership of Michael Saylor.

[Floczy]

How about discussion how Bitcoin will reach $1 million

The way these 2 influence the market is enough to be spoken about them, I rather don't want to talk about them relating to Bitcoin again, it's starting to seem like they are the leaders or something 

[EL MOHA]

They are dissimilar and can't even be compared
BlackRock is an ETF
They are custodians that help investors manage their Bitcoin
They don't own it
Unlike Strategy that buys via DCA and it's added to their company portfolio.

So Strategy easily
Since BlackRock don't buy not to mention engage in DCA.

If you look at even the pace at which this BlackRock uses to reach this number of bitcoin you will clear see that they will definitely out number Microstrategy to have higer number of bitcoin later, we cannot say for sure which of them will be reaching 1 million bitcoin before each, because Microstrategy can today decides to take their tally to 1 million bitcoin by buying all in one go even though as a entity they choose the route of DCA and that’s a clear difference to what risk they can be able to take,

Blackrock on the other hand cannot actually be able to actually get their bitcoin to certain number like they want because it solely depends on investors and not them. They need to have people coming to buy bitcoin through ETF before they add more wguch is a very big difference with MSTR and that’s the reason why I am of the opinion that they will one day out number MSTR in number of bitcoin because there is continuous adoption in bitcoin ETF and this gives them edge 

[SilverCryptoBullet]

The two largest corporate holders of Bitcoin are Strategy and BlackRock. We see these two corporates holding the most Bitcoin and they have been investing in Bitcoin continuously through the DCA method. So far, Strategy has bought 843,738 Bitcoins and BlackRock has bought 817,138 Bitcoins. So here we discuss through a voting who will move forward to meet the goal of 10,00000 Bitcoins.

My vote will be Strategy...

Your vote???

BlackRock will win in this battle between BlackRock and Strategy because BlackRock is a bigger company than Strategy. Only a quick view on difference between their entry times, and total times they have been in this market, then their accumulated bitcoins so far, we can see BlackRock has more speedy accumulation than Strategy has.

With too high leverage and increasing financial management and risk of Strategy, they will have to slow down their bitcoin accumulation. It will consequently give a great opportunity to win in this battle for BlackRock.

[Exitoral]

I choose BlackRock because they are the largest asset manager in the world. That alone gives them an edge. You can clearly see both of them are using the DCA method which is the most effective method to acquire and accumulate bitcoin. I advice everyone to do same and watch their asset in bitcoin grow. My only concern is that I wish the masses has a higher share of bitcoin rather than all these institutions. But hey, it is where we find ourselves.

[ultrloa]

The two largest corporate holders of Bitcoin are Strategy and BlackRock. We see these two corporates holding the most Bitcoin and they have been investing in Bitcoin continuously through the DCA method. So far, Strategy has bought 843,738 Bitcoins and BlackRock has bought 817,138 Bitcoins. So here we discuss through a voting who will move forward to meet the goal of 10,00000 Bitcoins.

My vote will be Strategy...

Your vote???

I think there's no sense to compare this two institutions.

Since Blackrock does not actually own those Bitcoins in their position, they are owned by ETF investors itself and Blackrock is just a fund manager.

I'm more amaze with MicroStrategy, since they manage to accumulate large number of Bitcoins and they actually owned those coins. Also they are consistent accumulating more Bitcoin and they will get more great recognition if they hit those figures than other companies out there.

[Kelward]

How about discussion how Bitcoin will reach $1 million

The way these 2 influence the market is enough to be spoken about them, I rather don't want to talk about them relating to Bitcoin again, it's starting to seem like they are the leaders or something 

I quite agree with you that our major focus about the adoption of Bitcoin shouldn't be based on the institutions that first reached 1 million Bitcoin because they are centralized institutions that Bitcoin is in their hands and we can say so much for Bitcoin decentralization in the hands of the regular holders and investors. These institutions especially Blackrock, are commercializing Bitcoin which I believe that is quite against the principle of privacy and freedom that their investors should have.

Our speculations should rather be more about when Bitcoin will reach $1,000,000 and many of us that are diligently doing DCA strategy will reap our rewards and become very rich depending on our stash. Bitcoin adoption is increasing as a result of what people are hearing about the early holders who bought when Bitcoin was ridiculously cheap and they want Bitcoin to reach $1m so that they can also earn geometrical ROI.

[Uruhara]

BlackRock, with its ETFs, will simply experience the ups and downs of the Bitcoin holdings it holds. This is because the ETFs will buy and sell in accordance with demand in their respective ETF markets. Therefore, in terms of stability and consistency in continuously increasing Bitcoin holdings, MicroStrategy will clearly have the edge. In fact, it’s possible that in the near future, they will indeed reach 1 million Bitcoin. BlackRock might also approach 1 million quickly. However, typically when the market turns bearish, we sometimes see ETF companies having to sell off their Bitcoin holdings when there’s a panic sell-off in their market. After all, they’re merely facilitators. They’ll continue to balance their Bitcoin holdings based on user demand in the market. So their holdings could also drop drastically. Therefore, I prefer to choose MicroStrategy. Unless there is a larger wave of adoption or Bitcoin hype surges again, in which case the number of people entering through ETFs would also surge rapidly, forcing BlackRock to buy more to balance their holdings. And it’s possible they could catch up to MicroStrategy’s Bitcoin holdings.

[akamit]

They are dissimilar and can't even be compared
BlackRock is an ETF
They are custodians that help investors manage their Bitcoin
They don't own it
Unlike Strategy that buys via DCA and it's added to their company portfolio.

So Strategy easily
Since BlackRock don't buy not to mention engage in DCA.

This is partially right because BlackRock does buy bitcoin on the open market, but it is on behalf of the ETF holders, and it still has the same effect on the market. So saying they "don't buy" is a bit misleading imo.

With strategy, Saylor can wake up tomorrow and decide to buy another 20k BTC using a new debt raise, nobody stops him. With BlackRock, the buying only happens when new money comes in to the ETF from retail or institutional investors, so they can't really "decide" to buy aggressively on their own.

With that said, the overall inflows into the ETFs have been rather substantial, and the spread between the two is not that significant at the moment, if crypto gets hyped again and ETF inflows surge like they did in early 2024, then BlackRock could close that gap quickly...

I wouldn't call it an easy win for Strategy, it depends on market conditions and what Saylor does with his money.

[Dunamisx]

The two largest corporate holders of Bitcoin are Strategy and BlackRock. We see these two corporates holding the most Bitcoin and they have been investing in Bitcoin continuously through the DCA method. So far, Strategy has bought 843,738 Bitcoins and BlackRock has bought 817,138 Bitcoins. So here we discuss through a voting who will move forward to meet the goal of 10,00000 Bitcoins.

My vote will be Strategy...

Your vote???

This is interesting and at the same time not that really fascinating to determine who will first a match the 1 million bitcoin race, achieving this milestone also does not make any significant difference to the Bitcoin network or the market price because it does not make it centralized by any chance, Microstrategy may be a little bit ahead but doesn't mean that Blackrock will not overtake them by any chance as well if the continue to buy ahead of strategy.

[Die_empty]

They are dissimilar and can't even be compared
BlackRock is an ETF
They are custodians that help investors manage their Bitcoin
They don't own it
Unlike Strategy that buys via DCA and it's added to their company portfolio.

So Strategy easily
Since BlackRock don't buy not to mention engage in DCA.

Strategy doesn't generate all of the funds that are used to buy Bitcoin. Some of the funds are raised through issuing preferred stock and equity sales. So it could be said that Strategy doesn't own all the Bitcoin they are accumulating.

I think Strategy has more advantage to hit 1 Million BTC because BlackRock is a passive custodian for ETF investors. BlackRock depends on customers' demand to accumulate their coins, while Strategy could devise attractive means to entice investors to put in money. Investors might decide to liquidate their IBIT anytime. But bonds have a time frame for them to mature, giving the company better stability.

[UchihaSarada]

Strategy doesn't generate all of the funds that are used to buy Bitcoin. Some of the funds are raised through issuing preferred stock and equity sales. So it could be said that Strategy doesn't own all the Bitcoin they are accumulating.

I think Strategy has more advantage to hit 1 Million BTC because BlackRock is a passive custodian for ETF investors. BlackRock depends on customers' demand to accumulate their coins, while Strategy could devise attractive means to entice investors to put in money. Investors might decide to liquidate their IBIT anytime. But bonds have a time frame for them to mature, giving the company better stability.

BlackRock is the main entity behind successful approval for Bitcoin Spot ETFs in the USA in January 2024. Their role is very important even there are other companies applied for Bitcoin Spot ETFs that all approved in January 2024, but many people thought that the participation of BlackRock implied about the success which eventually happened.

Strategy did not apply for Bitcoin Spot ETF and in coming years, their leadership will be gradually taken over by BlackRock. It's like unavoidable scenario for Strategy while they have other risks of collapse with their degen leverage game.

[Powerjumboo]

The two largest corporate holders of Bitcoin are Strategy and BlackRock. We see these two corporates holding the most Bitcoin and they have been investing in Bitcoin continuously through the DCA method. So far, Strategy has bought 843,738 Bitcoins and BlackRock has bought 817,138 Bitcoins. So here we discuss through a voting who will move forward to meet the goal of 10,00000 Bitcoins.

My vote will be Strategy...

Your vote???

This is interesting and at the same time not that really fascinating to determine who will first a match the 1 million bitcoin race, achieving this milestone also does not make any significant difference to the Bitcoin network or the market price because it does not make it centralized by any chance, Microstrategy may be a little bit ahead but doesn't mean that Blackrock will not overtake them by any chance as well if the continue to buy ahead of strategy.

In fact, it will be interesting to see who will advance to meet the 1 million Bitcoin goal. Because the gap between the two corporations is not very big, the difference is small. Moreover, with the rapid pace at which Black Rock is investing in Bitcoin, Black Rock will advance to meet the 1 million Bitcoin goal, since Black Rock is an ETF institution, while MicroStrategy is a proprietary institution, it will take a little longer to meet its goal.

[Dogedegen]

They are dissimilar and can't even be compared
BlackRock is an ETF
They are custodians that help investors manage their Bitcoin
They don't own it
Unlike Strategy that buys via DCA and it's added to their company portfolio.

So Strategy easily
Since BlackRock don't buy not to mention engage in DCA.

This is partially right because BlackRock does buy bitcoin on the open market, but it is on behalf of the ETF holders, and it still has the same effect on the market. So saying they "don't buy" is a bit misleading imo.

No his post is fully correct you just misinterpreted it. He is correct, in the example that is given here in the numbers BlackRock is not buying which means BlackRock as the entity itself. Since we are comparing an entity Strategy that is buying for itself and BlackRock who is buying for others as a custodian or proxy it is correct to say that they do not buy. BlackRock itself has very little Bitcoin and because of that it can not be compared at all. If one or the other reaches the 1M first it has no difference at all since this is not a race or fair comparison.

With that said, the overall inflows into the ETFs have been rather substantial, and the spread between the two is not that significant at the moment, if crypto gets hyped again and ETF inflows surge like they did in early 2024, then BlackRock could close that gap quickly...

I wouldn't call it an easy win for Strategy, it depends on market conditions and what Saylor does with his money.

Right now the sentiment is very low for Bitcoin, and we'd prefer Bitcoin to be relevant again and not overall crypto. Many people have left this space because they were scammed by shitcoins including the top ranked one such as ETH and Solana. It is time to stop promoting these frauds of projects and focusing on the real thing. Combining the quantity of scams with the recent AI hype has left crypto a bit more irrelevant, we can change that but people need to stop bringing up crypto as if there was something meaningful there.

Strategy did not apply for Bitcoin Spot ETF and in coming years, their leadership will be gradually taken over by BlackRock.

This post does not make any sense, there is no indication or reason why the leadership of Strategy would be gradually taken over by BlackRock. Maybe don't make things up?

[Rashlyowl]

My assessment is based on the purchases frequency, from what I see between the two institutions, Strategy is the one with the higher purchases frequency. They have been making regular monthly purchases, since 2026, they have always made 4 purchases every month, that means this month we will most likely see 2 more accumulations from them.



With that condition, there is no reason for me not to choose them in this vote. Strategy is the one that will reach 1,000,000 BTC & will beat Blackrock in the accumulation race.

[Hazink]

In as much as I don't see this necessarily and comparable, I will still have to give my one cent opinion. Strategy is a company which has been buying from time to time without minding the price difference, which they believe will help their company even as some could argue otherwise.

Black rock on the other hand is a big asset management company which is managing the assets of billionaires and CEOs they could easily reach that number if there is demand from their investors which assets they follow, while Strategy as a company can also achieve that number real quick but now that there is a chance they could sell some bitcoin to protect shareholders value I'm not sure how aggressive they can go.

[Die_empty]

Strategy doesn't generate all of the funds that are used to buy Bitcoin. Some of the funds are raised through issuing preferred stock and equity sales. So it could be said that Strategy doesn't own all the Bitcoin they are accumulating.

I think Strategy has more advantage to hit 1 Million BTC because BlackRock is a passive custodian for ETF investors. BlackRock depends on customers' demand to accumulate their coins, while Strategy could devise attractive means to entice investors to put in money. Investors might decide to liquidate their IBIT anytime. But bonds have a time frame for them to mature, giving the company better stability.

BlackRock is the main entity behind successful approval for Bitcoin Spot ETFs in the USA in January 2024. Their role is very important even there are other companies applied for Bitcoin Spot ETFs that all approved in January 2024, but many people thought that the participation of BlackRock implied about the success which eventually happened.

Strategy did not apply for Bitcoin Spot ETF and in coming years, their leadership will be gradually taken over by BlackRock. It's like unavoidable scenario for Strategy while they have other risks of collapse with their degen leverage game.

The post is not about which firm applied or got the approval for the ETF first. No doubt BlackRock played an important role in facilitating the approval of the Bitcoin Spot ETF in the US, but Strategy has been in the business of accumulation before them.

Why do you think BlackRock will take over Strategy?  Although the asset managers keep increasing their stakes in Strategy, I don't see them taking over the company because they own just 5.37% of Strategy's common shares.