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BlackRock vs. Strategy: Who Will Win the Bitcoin Accumulation Battle? [Plain Language Introduction] This is a lengthy analysis of the major institutional battle in Bitcoin in 2026. The article focuses on the unprecedented accumulation race between global asset management consortium BlackRock and Frontier Strategy (MSTR). By comparing the "customer-driven" and "debt-leveraged" accumulation models of both sides, it analyzes their financial structures, liquidity risks, and mNAV premium logic. Against the backdrop of Bitcoin supply reduction, this article provides investors with an authoritative guide to assessing the risk-reward ratio of IBIT and MSTR. For details, please see: hellobtc.com/kp/du/03/6258.htm...

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