Bitcoin Behemoths Strategy and IBIT Amass 1.65 Million BTC Worth $140B
Strategy and Blackrock’s IBIT now control a combined 1.653 million bitcoin worth roughly $140.82 billion, nearly 8% of the network’s absolute 21 million supply ceiling. The two piles are almost the same size, but that’s where the resemblance ends. Strategy operates a corporate treasury, while IBIT’s bitcoin backs shares in an exchange-traded fund (ETF) trust. […]
Key Takeaways
- Strategy and Blackrock’s IBIT now control a combined 1.653 million bitcoin worth roughly $140.82 billion, nearly 8% of the network’s absolute 21 million supply ceiling.
- The two piles are almost the same size, but that’s where the resemblance ends.
- Strategy operates a corporate treasury, while IBIT’s bitcoin backs shares in an exchange-traded fund (ETF) trust.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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