Bitcoin Holdings Concentration: Strategy and IBIT Control 1.65 Million BTC Worth $140 Billion

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Oct 6, 2026 Updated Oct 5, 2026 0 min read

In a remarkable development within the cryptocurrency landscape, Strategy and Blackrock's IBIT have amassed a staggering 1.65 million Bitcoin, valued at approximately $140.82 billion. This figure represents nearly 8% of Bitcoin's total supply, highlighting the concentration of holdings among a select few entities.

Strategy, with its corporate treasury, holds 848,000 BTC, while IBIT backs shares in an exchange-traded fund (ETF) with 805,222 BTC. The two entities are now closely matched in their Bitcoin reserves, with only 42,777 BTC separating them.

The current Bitcoin price of $85,179 means Strategy's holdings are worth around $72.23 billion, while IBIT's stash is valued at approximately $68.59 billion. This significant concentration raises questions about market dynamics and the influence of these major players.

While Strategy operates as a corporate treasury, IBIT functions as a Delaware statutory trust, with its Bitcoin not directly owned by Blackrock. This distinction is crucial, as it affects how these assets are managed and traded.

As Bitcoin continues to become scarcer, the holdings of these two giants represent a substantial portion of the cryptocurrency's total supply. The implications of such concentration could have far-reaching effects on market stability and investor confidence.

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