Who will win the race to reach 1 million BTC?

[d5000]

In reality I hope none of both wins the race. I don't want to see any company with a million BTC (almost 5% of the total supply).

But for me it depends on the price evolution in the next months,

If we retake bullish territory, then it's likely Saylor will be first, because MSTR acquires their BTC in bull markets and early bear markets in large chunks. In crypto winters they tend to reduce their purchases.
 
If the market instead moves sideways or we enter a real crypto winter with more bearish moves, BlackRock has advantages, because their BTC inflow is more steady.

[Asiska02]

These two companies do not give us the best comparison to be used for the voting. One of them is dependent on other willingness to want to invest in bitcoin through them. They don’t put into consideration the nature or conditions of the market before investing your money into the market.

The other is a company who put into consideration market conditions and use the best approach in order to buy more bitcoins. The number of their bitcoin held looks very close and will look as though they’re in a competition on who to reach 1 million Bitcoin.

The aforementioned reasons and their means of approach into the market when buying that is entirely different and won’t make us have the best answer or vote to be selected. The condition of the market will determine who will be at advantage to reach that number faster.

[goldkingcoiner]

I think Saylor is way more invested in Bitcoin than Larry Fink. Both psychologically and financially.

So my best bet is on Strategy. Although I would not be disappointed if they both reached 1 Mill at the same time. Some people might say they do not want such a large amount (5%) of all Bitcoin to go to large investors but I think it does not matter because no matter how much Bitcoin they have, they will never control Bitcoin. At worst they could plunge Bitcoin temporarily into red if they decided to sell. But hey, cheap Bitcoin? I'd buy it.

[coinlary]

Not the right comparison but for sure, i think Strategy can   reach 1M in a couple of years, unless he holds back. That's  not my concern though, my concern is majorly the fact that they can start messing with the market even if short term influence. 

In reality I hope none of both wins the race. I don't want to see any company with a million BTC (almost 5% of the total supply).

Too late  .
800k+ BTC accumulation in just 6 years for Saylor, what more could go wrong that will prevent him from getting to the 1M in the next 4 to 5 years? Debt maybe or the price mooning and cost more to purchase higher units.

[Faisal2202]

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???

It is a fascinating race but you are comparing apples to oranges here haha, because their foundations and targets are completely different. Strategy is a single corporation using its own balance sheet, aggressively taking on debt and issuing equity to buy and permanently hold Bitcoin as their primary asset, although recently they planned to sell around $1 billion but it is their own, they could do whatever they want. On the other hand,

BlackRock is an asset manager, they don't own that Bitcoin, it belongs to thousands of individual ETF clients who can buy or sell at any moment based on market conditions.

So my vote goes to MSTR because they even have shared their plans to acquire around 1 million Bitcoins while I have seen no such plans from BlackRock because both are different kinds of platforms.

[Ambatman]

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 believe you getting it wrong
Strategy is a treasury company
The Bitcoin is in their balance sheet
They own them.
What investors are buying are their stocks not Bitcoin.
The investors own stocks since that's what's offered especially one like STRC
While Strategy can do with what they want with the proceed
In this case buy more Bitcoin.

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.

Well The OP did use DCA
And if we going from this angle
Strategy and even some ETF like BlackRock make use of Coinbase as custodian.

[lionheart78]

 Strategy owns the Bitcoin they hold, while BlackRock's Bitcoin is owned by its clients.  Blackrocks can be considered as stewards of those Bitcoins and earn from service fees.  They don't have the legal right to move Bitcoin freely unlike Strategy to their stashed Bitcoin.  

So, from this, Strategy will be the first one to reach 1 million BTC because BlackRock doesn't own BTC for themselves, all their BTC, as stated, are owned by their clients.

But if we are talking about BTC in hands regardless of who owns them, I think BlackRock can surpass Strategy since the amount BlackRock has is pooled from different investors.  If applied with great strategy, the masses can outpace a single entity in terms of fund pooling.

[BALIK]

Too late  .
800k+ BTC accumulation in just 6 years for Saylor, what more could go wrong that will prevent him from getting to the 1M in the next 4 to 5 years? Debt maybe or the price mooning and cost more to purchase higher units.

The point is not whether it is already too late or not, the point is that we will never be able to stop them from accumulating Bitcoin if they want to. BTC is an open asset and a financial market, anyone with money can enter and buy whenever they want, in whatever amount they want.

Over time, larger institutions and even central banks will join the race to accumulate bitcoin. We have virtually no way to stop them from buying bitcoin.

[d5000]

Too late  .
800k+ BTC accumulation in just 6 years for Saylor, what more could go wrong that will prevent him from getting to the 1M in the next 4 to 5 years? Debt maybe or the price mooning and cost more to purchase higher units.

Yes, "price mooning" could be one of the little glimpses of hope I still have

But also the recent announcement that they might sell some Bitcoins could slow down the net "inflows" of the Strategy treasury.

I also remember that 2028 was a date when MSTR could have to massively return money to investors (bonds from the 2024-25 bull run). And that could lead into more significant sales.

For BlackRock honestly I don't have that hope. It's even possible that IBIT will acummulate the million already in a year. But fortunately I think ETFs are a little bit less problematic because technically the BTC are owned by the investors, and so it's more similar to CEX holdings. Binance could also get close, although with ~650k they are a bit lagging behind. And also in this case I have some hope that they will never reach the million because people might slowly adopt the NYKNYC principle

[Alonso_]

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 can’t compare them, because there is so much difference between them.

When you look at what they stands for you will understand that there is very huge differences between the both companies, Strategy most specialize in buy bitcoin through the DCA and lump sum and stacking them.

While BlackRock mostly specializes in management of ETFs, BlackRock doesn’t buy bitcoin instead individuals buys bitcoin and they exchange and manage the bitcoin for them.

Honestly speaking I think someone who is buying for himself on a regular basis like Strategy have a higher chance of achieving what you’re asking about.

[FinneysTrueVision]

I can’t compare them, because there is so much difference between them.

Semantics aside, they are both very close to accumulating 1 million Bitcoin, either for their treasury or for their investment fund. Michael Saylor’s strategy is far more aggressive because he cares more about stacking as much Bitcoin as possible without worrying so much about short term profit.

Strategy is more likely to get to that amount first. Longer term, BlackRock might surpass them. Strategy’s debt and dividend payments might make their pace of accumulation unsustainable. There might be some overlap among their investors, but BlackRock has far more access to capital from around the world.

[ultrloa]

In reality I hope none of both wins the race. I don't want to see any company with a million BTC (almost 5% of the total supply).

But for me it depends on the price evolution in the next months,

If we retake bullish territory, then it's likely Saylor will be first, because MSTR acquires their BTC in bull markets and early bear markets in large chunks. In crypto winters they tend to reduce their purchases.
 
If the market instead moves sideways or we enter a real crypto winter with more bearish moves, BlackRock has advantages, because their BTC inflow is more steady.

Yeah its good if none of them win that race, since their influence will became more larger and each decision made can possible affect the sentiments of people.

But this situation is inevitable now. They are close to hit that numbers and maybe in next few months one of them will successfully acquire millions of Bitcoin and this will create lots of noise in crypto space.

But I have a feeling that MicroStrategy will hit that first, but let see if there's some interesting changes will happen.

[liasbaa]

Although both companies are holding Bitcoin strategically, they have different objectives. BlackRock is more profit oriented and has built up a large holding of Bitcoin for long term investment/trading purposes. They occasionally sell their Bitcoin holdings when they need liquidity.

The corporate holder of Bitcoin holdings is Michael Saylor firm "Strategy". He regularly accumulating Bitcoin through DCA method. His strategy for Bitcoin holdings is exemplary is the best for everyone especially for  individuals or institutions. Saylor's main objective is to hold Bitcoin for the long term, not for trading purposes.

I am voting for Strategy.

[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 believe you getting it wrong
Strategy is a treasury company
The Bitcoin is in their balance sheet
They own them.
What investors are buying are their stocks not Bitcoin.
The investors own stocks since that's what's offered especially one like STRC
While Strategy can do with what they want with the proceed
In this case buy more Bitcoin.

It is you who is getting it wrong. Let me do a little explanation. What are stockc:

A stock represents a share in the ownership of a company, including a claim on the company's earnings and assets. As such, stockholders are partial owners of the company. When the value of the business rises or falls, so does the value of the stock.

https://international.schwab.com/investment-products/stocks/understanding-stocks

So when you own a stock in a company, you become a partial owner of the company. Bitcoin can be in the balance sheet but it doesn't mean that it belongs to Michael Saylor. Many organisations, such as BlackRock, are shareholders in Strategy. 

You might be right that Michael and other management staff decide when the company accumulates Bitcoin. But you cannot write off the influence of major shareholders. Some of these shareholders could also have voting power during the major decision-making process.

[Patikno]

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.

As far as I know, BlackRock has never announced plans to own, or hold 1 million Bitcoins in treasury. Meanwhile, Microstrategy has announced plans to accumulate 1 million Bitcoins, and Michael Saylor hinted at it by saying "The Orange March Continues" on platform x three months ago. So, I am confident Microstrategy will be the first company to reach 1 million Bitcoins, and I doubt BlackRock can achieve that. They haven't hinted at such plans. Furthermore, Michael Saylor also views Bitcoin as a revolutionary asset, even considering it digital gold, useful as a store of value.

[moneystery]

From what I understand, BlackRock is an asset management and custodian service, so they can't be said to be conducting DCA on their investments. BlackRock's primary role is simply as a company that manages its clients' assets; they don't conduct DCA like Strategy. Therefore, the two companies can't really be compared, because only Strategy actually conducts DCA, by routinely buying Bitcoin regardless of market price and holding it. Meanwhile, BlackRock may adjust their portfolio based on their needs, so they essentially don't conduct DCA.

[sunsilk]

I didn't recognized that BlackRock has that much already. I thought that it's only MSTR that has got a lot of Bitcoins now because of their continuous accumulation.

If both of them reaches 1M bitcoin in holdings, then that means that they both have 4.76% global share for its entire supply of 21M although currently the circulating supply is 20M+.

And as of now 4% for MSTR and 3.8% for BlackRock. That's already a lot in their hands for the entire share of the market.

Whichever goes first, it won't matter to me.

[UchihaSarada]

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?

BlackRock has bigger capital than Strategy, and if considering Bitcoin Spot ETFs will be the main forces to lead Bitcoin market in coming years, BlackRock is the leader among dozens of Bitcoin Spot ETFs.

I meant Strategy is not in the Bitcoin Spot ETF game and they will not lead it, and I believe so not only because BlackRock has been moving more nearly to Strategy in total bitcoin managed. Strategy had its leadership in previous years but in the future, their leadership will be changed to other entities with a best possible candidate is BlackRock.

[Somegory]

This people had alot of Bitcoin already🦜l, why should anyone be bothered about which will reach 1 million first? Black rock took over everything,they can get there first, MicroStartegy isn't small either .

This won't help anyone to get some Bitcoin, and some readers don't even have any Bitcoin either, so how is this helping? I think none, I would rather focus on getting Bitcoin for myself and my future family than doing this online

There are many things we can talk about, that will be more helpful, this isn't one of those things

[SableTeacup]

If we exclude Satoshi, the race looks mainly between Strategy and BlackRock’s Bitcoin ETF. My guess is Strategy reaches 1 million BTC first because Michael Saylor keeps buying aggressively. BlackRock may also get there through ETF inflows, but that depends more on customer demand. So for now, Strategy looks like the stronger candidate.