BlackRock Raises Stake in Strategy to 5%, Holding 11.2M Shares Tied to Bitcoin

BlackRock has increased its ownership stake in Strategy, formerly known as MicroStrategy, to 5%, according to recent SEC filings. This represents an increase from its previous 4.09% ownership in September 2024. The investment firm now holds approximately 11.2 million shares of Strategy, equivalent to a total valuation exceeding $3.67 billion.

BlackRock, which manages $11.6 trillion in assets, acquired 1.78 million additional shares to reach this threshold. This move further aligns BlackRock with Bitcoin exposure, as Strategy holds nearly half a million Bitcoin in its reserves. The disclosure was made through a Schedule 13G filing, which is required when an investor surpasses a 5% stake in a publicly traded company. The filing indicates that BlackRock does not intend to influence or control the company. Strategy's stock has also shown positive momentum recently, with its perpetual preferred stock (STRK) trading up 5% in pre-market activity following its Nasdaq debut.

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