Who will win the race to reach 1 million BTC?

[Dr.Bitcoin_Strange]

So here we discuss through a voting who will move forward to meet the goal of 10,00000 Bitcoins.

My vote will be Strategy...

You could be wrong with your vote because this not a competition, the two companies are not playing a competition game and it doesn't mean that since Strategy is holding more than Blackrock that it can easily arive at 1 million BTC, don't be surprise to see that Blackrock could get to that 1m before strategy, there's no competition here, anyone of them could accumulate to that number sooner or later if that is their target, so I don't see the reason why there should be a vote on it.

[d5000]

[...]maybe in next few months one of them will successfully acquire millions of Bitcoin and this will create lots of noise in crypto space.

Take into account that while there are lots of Bitcoins on the markets (around 100-900k per day are sold, although some of course are traded several times per day) the more BTC are in the hands of centralized entities, the less are available on the free market, i.e. on exchanges and OTC.

That means that if the rhythm of purchases is very high (e.g. >20.000 net inflows per month) eventually there would be a significant influence on the exchange holdings. This will lead to less and higher sell orders. That does not necessarily mean the price goes up (even if it's likely). It can also have the effect of reducing the exchange volume and thus slowing down both the ETF and MSTR acquisitions.

So I believe there will be some natural ceiling of the holdings both of ETFs and MSTR. I estimate it close to 5-7 million in total, if we take into account that about 3 million are assumed to be lost (including Satoshi's coins), 3 million are on exchanges, and currently there are about 1.5 million in ETFs and 1 million in company treasuries. 10-11 million are currently believed to be held by individuals. These 10 million may reduce to 8 or 7, but not much further, because many of these are believed to be long term hodlers.

We would then arrive at a structure with 4-5 million owned by ETFs and other derivatives, 2 million by MSTR, 3-4 million lost, 2-3 million (a little bit less than now) on exchanges, and 8 million held by private owners (total currently is ~20 million). But that is the maximum I can imagine, and hopefully we'll not get there.

[Joy- maker]

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 what i like about this forum, if you are type who reads through threads, not only the OP to see what others have said so fer before commenting, you will definitely get the real gist, and here is the real gist about Strategy and the BlackRock.

Before now, i use to think that BlackRock corporation was genuinely buying bitcoin to add to its company portfolio not knowing that they were doing it through ETFs. If this true, then there is no need comparing both corporations. strategy is the corporation that is genuinely buying bitcoin via DCA to add it to its company portfolio.

[Out of mind]

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???

Yes, the ten largest companies in the world, Strategy and BlackRock, have purchased the most Bitcoin and they are still continuing their investment. As we already know, Michael Saylor is leading in the number of Bitcoins, his investment in the DCA method makes it easier for him to hold more Bitcoins. Since Strategy is already leading by buying many Bitcoins, they will reach the goal of $1 million Bitcoins first and my vote will be in their favor. And later, BlackRock will meet their goal, since it will take a long time for the two companies to reach this stage, but they will definitely succeed. And since the largest companies in the world are currently holding Bitcoin, there are many more companies currently holding Bitcoins in their reserves so that they can improve financially in the future.

[Cookdata]

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 vote make no sense, they are not even the same. Strategy is a company own as control by Micheal Saylor, the aim is to buy Bitcoin and hold as reserve for the company Microstrategy while Blackrock is an ETF company, people buy shares equivalent to Bitcoin and blockrock buy and hold this Bitcoin, they act as intermediary for the investors and as they sell their ETF shares, Blackrock sell off the Bitcoin to balance their trade this is why you do see outflow of Bitcoin from reserve wallet, they sell anyt time but Strategy don't sell.

A time will come that strategy reserve will be bigger than Blackrock and if in the future there is high demand from investors that buy Bitcoin shares from Blackrock, there could be surge but one thing is important, the strategy don't have any plan of selling, at least not now while but Blackrock can have big inflow which means more interest from investors or big outflow which means less interest from investors, as they sell off their shares more Bitcoin will be sold by Blackrock.

[coinlary]

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.

This one right here caught my attention. That means  strategy could contribute  to the blood moon after the 2028 bull run.  I also found this, MicroStrategy Completes $1.01 Billion Offering of 0.625% Convertible Senior Notes Due 2028.

He's also betting on bullish  BTC with a much higher price which affects MSTR positively and also positive for  conversion to shares == Win-win. Bitcoin underperforms , possibility of potential BTC seles  to cover up .