Strategy surpasses BlackRock as largest institutional Bitcoin holder

Michael Saylor’s Strategy has overtaken BlackRock’s Bitcoin holdings, becoming the largest institutional Bitcoin holder. Bitcoin’s odds of reaching $80,000 in April are currently at 38.5% YES, down from 64% yesterday.

The shift has prompted traders to reassess Bitcoin price targets. The April 17 market holds at 100% YES for Bitcoin surpassing $62,000, while the $150,000 target sits at 0.1% YES. The 22.5-point drop in the $80,000 market suggests traders are recalibrating expectations, possibly due to recent volatility.

MicroStrategy’s position as the top Bitcoin holder points to strong institutional demand, which could support Bitcoin’s price. The $62,000 threshold looks locked in even as $80,000 odds have fallen sharply. MicroStrategy has funded its purchases through equity and debt raises, a strategy that reflects direct conviction in Bitcoin’s value. For traders, the gap between the $62,000 certainty and the $80,000 uncertainty is where the action is.

MicroStrategy’s move reinforces the bullish case for Bitcoin at a time when institutional competition for holdings is intensifying. Buying YES at 38.5¢ offers a potential 2.4x return if Bitcoin hits $80,000. That bet requires a near-term catalyst beyond Saylor’s accumulation alone.

Watch for further announcements from BlackRock or new SEC filings from MicroStrategy. Either could shift momentum on Bitcoin’s price targets.