Strategy (MSTR) is closing in on BlackRock’s iShares Bitcoin Trust (IBIT), with the gap in Bitcoin holdings shrinking to a level that could be erased within the next couple of weeks.
Recent data shows IBIT holding roughly 781,000 BTC, while Strategy holds about 761,000 BTC. The difference, now around 40,000 BTC, has tightened as Strategy accelerates its accumulation pace, according to investor Mark Harvey.
The shift reflects diverging models. IBIT holdings rise and fall based on investor inflows and outflows into its spot ETF, while Strategy raises capital through equity and preferred share issuance to fund direct Bitcoin purchases.
This allows Strategy to acquire Bitcoin independent of ETF demand cycles.
Strategy has added significant volume in recent weeks, including two multibillion-dollar purchases in March that pushed its total higher. Last week, the company bought 2,337 bitcoin for about $1.57 billion.
The company continues to frame its performance around Bitcoin accumulation and “BTC Gain” as a proxy for net income under its Bitcoin-centric strategy.
Over the first two weeks of March 2026, Strategy acquired 40,332 BTC and posted a 3.0% yield, reinforcing its aggressive treasury approach, according to Michael Saylor.
Year to date, the firm has accumulated 88,568 BTC with a 3.4% yield, signaling sustained momentum behind its balance sheet transformation.
Bitcoin and Strategy’s strong March
Bitcoin has posted eight consecutive days of gains, a rare streak seen only 15 times since its creation, with past instances delivering a median 30-day return of about 19%, according to Bitcoin Magazine Pro data.
Bitcoin recently climbed from below $66,000 to $76,000 before easing back near $73,800, even as historical patterns show such rallies can precede sharp pullbacks like the 30% drop four years ago.
Bitcoin’s latest surge comes after the asset bottomed near $63,000 in February during heightened geopolitical tensions linked to the Iran–Israel War.
Since then, prices have staged a steady recovery as macroeconomic conditions stabilized and investor confidence returned.
Bitcoin has outperformed other assets like gold and the S&P 500.
Markets received a boost over the weekend after signs of easing tensions around the Strait of Hormuz, one of the world’s most important oil shipping routes.
For now, traders are watching whether bitcoin price can maintain support above the $72,000 region.
A sustained hold above that level could open the door to a push toward $80,000, which previously acted as a key support zone before the early-2026 correction.
Shares of MSTR are pushing $150 a share today.