MicroStrategy Inc. has overtaken BlackRock's iShares Bitcoin Trust as the largest Bitcoin holder, now possessing 815,061 BTC. The company acquired 34,164 BTC for approximately $2.54 billion between April 14 and April 20, surpassing IBIT's 806,178 BTC. Galaxy Digital's Alex Thorn noted that MicroStrategy's holdings are on track to surpass Satoshi Nakamoto's estimated 1.096 million BTC by November 2026. MicroStrategy funds its Bitcoin purchases through at-the-market equity offerings, including its STRC preferred stock, which offers an 11.5% annualized yield. Despite criticism from gold advocate Peter Schiff, who labeled STRC's structure as a Ponzi scheme, Executive Chairman Michael Saylor remains optimistic, suggesting a market recovery with his "Winter's Over" post.