ChainCatcher reported that according to Coindesk, MicroStrategy's next purchase of Bitcoin may cause its BTC holdings to exceed Grayscale GBTC.
According to its latest regulatory filing on September 20, the company holds a total of 252,220 bitcoins, or 1.2% of the total supply, which is capped at 21 million. Prior to the launch of the U.S. spot ETF in January, Grayscale held over 620,000 coins in its Bitcoin Trust (GBTC) and currently holds over 254,000 coins, split between GBTC and its newer, low-fee Bitcoin Mini Trust (BTC).
However, the recent financing leaves MicroStrategy with more than $1 billion in funds that it has yet to deploy (or at least announce). Presumably, these funds will be used to purchase more Bitcoin, which would add thousands of Bitcoins to its balance sheet and make its holdings far larger than Grayscale’s.
