As investors seek exposure to Bitcoin without direct ownership, Bitcoin proxy stocks like Strategy Inc (formerly MicroStrategy) and BlackRock's iShares Bitcoin Trust (IBIT) are prominent options. Strategy has become notable for holding over 580,000 BTC, pivoting from software to a Bitcoin treasury since its initial investment of $250 million in 2020. This high-leverage strategy offers magnified exposure to Bitcoin but comes with significant volatility. Conversely, BlackRock's IBIT, launched in 2024, provides direct, regulated exposure via a physically backed ETF, attracting over $50 billion in assets in a short span. IBIT's approach offers transparency and low management fees, making it ideal for institutional and retail investors seeking steady growth without company risks. In essence, while Strategy targets high-risk, high-reward investors, IBIT appeals to those desiring clean, regulated access to Bitcoin, with both positioned to grow alongside the evolving market.

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