比特币武器竞赛正在贝莱德和微观之间酿造

MicroStrategy或BlackRock的疯狂破折号达到100万BTC。市场观察者分裂了哪家公司将是第一个达到里程碑的公司

A Bitcoin arms race is brewing between BlackRock (NYSE:BLK) and MicroStrategy (NASDAQ:MSTR), with both entities racing to stack a million BTC.

贝莱德（NYSE：BLK）和MicroStrategy（NASDAQ：MSTR）之间正在酿造比特币武器竞赛，两个实体都在堆叠一百万BTC。

Market watchers are split over which firm will be the first to reach the milestone, but the odds are tilting in favor of MicroStrategy.

市场观察者分裂了哪家公司将是第一个达到里程碑的公司，但赔率倾向于偏向微观。

MicroStrategy And BlackRock Are In A Mad Dash To 1 Million BTC

MicroStrategy和BlackRock在疯狂的冲刺到100万BTC

Cryptocurrency analyst Lark Davis noted that both entities are at the halfway mark, holding over 500,000 BTC each.

加密货币分析师拉克·戴维斯（Lark Davis）指出，这两个实体都处于中途，每个实体都持有超过500,000 BTC。

At the moment, MicroStrategy holds 553,555 BTC on its balance sheet after a long-term aggressive Bitcoin accumulation spree. On the other hand, BlackRock’s iShares Bitcoin Trust (IBIT) holds 573,869 BTC on behalf of investors.

目前，在长期积极的比特币积累狂欢之后，MicroStrategy在其资产负债表上持有553,555 BTC。另一方面，贝莱德的iShares比特币信托（IBIT）代表投资者持有573,869 BTC。

“BlackRock and MicroStrategy are in a race to reach 1,000,000 Bitcoin. Currently, BlackRock’s $IBIT holds 573,869 BTC while $MSTR holds 553,555 Bitcoin,” said Davis in an X post.

戴维斯在X帖子中说：“贝莱德（BlackRock）和微观策略正在达到100万比特币。目前，贝莱德（BlackRock）的$ ibit持有573,869 BTC，而$ MSTR持有553,555个比特币。”

Both firms have shown a resolve to double down on their Bitcoin accumulation in recent weeks. For the Michael Saylor-led MicroStrategy has gained $5.1 billion from its Bitcoin holdings in 2025 alone. On the flip side, BlackRock has a string of tailwinds expected to power its march to 1 million BTC.

两家公司都表现出了最近几周将其比特币积累加倍的决心。对于迈克尔·塞勒（Michael Saylor）领导的微观，仅在2025年就从其比特币控股中获得了51亿美元。另一方面，贝莱德（Blackrock）有一连串的尾风能力将其3月至100万BTC供电。

Will MicroStrategy Reach 1 Million BTC First?

MicroStrategy会首先达到100万BTC吗？

The case for MicroStrategy to reach 1 million BTC before BlackRock is compelling. MicroStrategy CEO Michael Saylor’s conviction is the strongest driver for the software company’s push toward 1 million Bitcoin.

在贝莱德（BlackRock）引人注目之前，微观策略要达到100万BTC。 MicroStrategy首席执行官Michael Saylor的信念是该软件公司推向100万比特币的最强大驱动力。

Michael Saylor has earned the moniker of a Bitcoin maximalist, with the CEO adopting a laser focus on the largest cryptocurrency.

迈克尔·塞勒（Michael Saylor）赢得了比特币最大化主义者的绰号，首席执行官采用激光专注于最大的加密货币。

MicroStrategy has bagged over 500,000 BTC in steady fashion since its first purchase back in 2020. The company’s latest acquisition of 15,355 BTC for $1.42 billion extended its weekly purchase streak.

自2020年首次购买以来，MicroStrategy已以稳定的方式行驶了50万BTC。该公司最新收购了15355 BTC，以14.2亿美元的价格收购了其每周的购买条款。

Outside of Saylor’s conviction, MicroStrategy has evolved into a Bitcoin-first company in addition to an aggressive accumulation strategy. The company continues to stack Bitcoin across bull and bear markets with the “freedom” to use stock offerings and convertible notes to fund purchases.

除了Saylor的信念之外，MicroStrategy除了具有积极的积累策略外，还发展成为一家比特币优先的公司。该公司继续用“自由”堆叠在公牛和熊市上的比特币，以使用股票产品和可转换票据进行资金购买。

Will BlackRock Reach 1 Million BTC First?

贝莱德会首先达到100万BTC吗？

BlackRock also has a compelling argument going on for it in the race to reach the 1 million BTC milestone. Right out of the bat, the sheer pace of growth of the IBIT ETF since its launch has seen it surpass MicroStrategy’s BTC holdings.

贝莱德在比赛中也有一个令人信服的争论，以达到100万个BTC里程碑。自IBIT ETF的发射以来，它已经超出了MicroStrategy的BTC持有量，就在蝙蝠之外，iBIT ETF的增长速度。

The ETF recorded over $1 billion in inflows in a single day, with BlackRock accumulating 573,869 BTC in less than a year. Rising ETF demand amid clear regulations is a tailwind in BlackRock’s quest to reach the 1 million BTC milestone.

ETF在一天中的流入量超过10亿美元，贝莱德在不到一年的时间内积累了573,869 BTC。在明确的法规中，ETF的需求不断上升，这是贝莱德（BlackRock）寻求达到100万个BTC里程碑的逆风。

However, BlackRock’s push is dependent on investor sentiment, with liquidation being a real possibility in the event of massive outflows.

但是，贝莱德的推动取决于投资者的情绪，在大规模外流的情况下，清算是一种真正的可能性。