Strategy holds 780,897 BTC valued at over $59Bn. The BlackRock crypto IBIT fund holds 798,026 BTC. That gap, roughly 17,000 coins, could close this week. The detail most headlines are missing, though, is how the mechanics actually work: Strategy has been selling a financial instrument called STRC to raise cash, then deploying that cash directly into Bitcoin.<\/p>\n
Last week, STRC posted back-to-back trading days with more than $1Bn in volume. Estimates from Bitcoin for Corporations suggest that activity could translate into a purchase of nearly 30,000 BTC, more than enough to push Strategy past BlackRock\u2019s IBIT for the first time. The question is whether the SEC filing expected on April 20 confirms it.<\/p>\n
This development comes as Bitcoin holds steady above $76,000, with a +2% daily pump, as trading volume surges to over $41.9Bn, highlighting renewed demand for the leading digital asset.<\/p>\n\n
(SOURCE: TradingView<\/a>)<\/p>\n DISCOVER: How BlackRock Has Been Building Its Bitcoin Position<\/a><\/strong><\/p>\n The math is straightforward. Strategy needs to buy more than 17,129 BTC to surpass IBIT\u2019s current holdings of 798,026 BTC. At recent prices near $75,000 per coin, that\u2019s roughly $1.2Bn worth of Bitcoin. Based on STRC\u2019s recent trading volumes, analysts believe Strategy may have raised enough to fund a purchase nearly double that threshold.<\/p>\n STRC \u2013 short for Variable Rate Series A Perpetual Stretch Preferred Stock, is essentially a financial product Strategy sells to institutional investors to raise capital. Think of it like a corporate IOU that pays investors an 11.5% annual dividend while trading near a stable $100 price. Investors get a reliable income; Strategy gets a steady cash pipeline that it routes directly into Bitcoin purchases. It\u2019s a funding machine, and it\u2019s been running hot.<\/p>\n STRATEGY OVERTAKES BLACKROCK AS LARGEST BITCOIN HOLDER<\/p>\n Saylor\u2019s Strategy has officially surpassed BlackRock\u2019s IBIT ETF, now holding ~815,061 BTC vs ~802,824 BTC for $IBIT<\/a>.<\/p>\n The flip comes after its latest buy of 34,164 $BTC<\/a> for ~$2.54B last week, its third-largest purchase\u2026 pic.twitter.com\/Iy828mJYAv<\/a><\/p>\n \u2014 Coin Bureau (@coinbureau) April 21, 2026<\/a><\/p>\n\n Strategy\u2019s most recent disclosed purchase added 13,927 BTC at an average price of $75,000 per coin, a $1Bn buy funded entirely by STRC proceeds. If the current week\u2019s STRC activity raised $2Bn or more, as volume patterns suggest, a 25,000\u201330,000 BTC acquisition becomes plausible. That would push Strategy\u2019s total past 800,000 BTC and clear IBIT\u2019s holdings with room to spare.<\/p>\n Michael Saylor, Strategy\u2019s executive chairman, posted \u201cThink Even \u20bfigger\u201d on X on April 19 alongside a screenshot of the company\u2019s Bitcoin portfolio tracker. Investors who follow Strategy closely treat these posts as a reliable early signal \u2013 historically, a cryptic Saylor post precedes an official SEC Form 8-K filing by days. The pattern has repeated enough times that it functions as its own market signal. Saylor\u2019s buying signals have become a closely watched indicator for BTC price momentum<\/a>.<\/p>\nHow Close Is Strategy to Flipping BlackRock\u2019s IBIT in Bitcoin Holdings?<\/h2>\n