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.

Get prediction market intelligence as a structured API feed. Early access waitlist.