2025-02-09
BlackRock, the world's largest asset
manager with over $11.6 trillion in assets under management, increased its
stake in Strategy (formerly MicroStrategy) to 5%, according to a February 6
filing with the U.S. Securities and Exchange Commission.
This investment comes one day after MicroStrategy
rebranding to Strategy on February 5, reflecting its focus on Bitcoin and
artificial intelligence.
Strategy remains the largest corporate
holder of Bitcoin, with 471,107 BTC valued at about $48 billion.
Despite reporting a $670 million net
loss in the fourth quarter of 2024, Strategy is committed to its "21/21
Plan," aiming to raise $42 billion over the next three years through
equity and fixed-income securities to acquire more Bitcoin.
The company has already secured $20
billion, primarily through senior convertible notes and debt.
BlackRock's increased stake in Strategy
aligns with its growing involvement in the Bitcoin market.
As of January 31, BlackRock's Bitcoin
exchange-traded fund (ETF) became the world's 31st largest ETF,
holding over $55.5 billion in assets and controlling 48.7% of the cumulative
holdings of all U.S. spot Bitcoin ETFs.
Following BlackRock's investment,
Strategy's stock price rose by more than 2.8% in pre-market trading, reaching
$325 as of February 7.
Strategy (MSTR) currently has a market
cap of $82.66 billion.
