BlackRock has raised its stake in Michael Saylor’s Bitcoin-focused company, Strategy, to 5%, according to a filing with the U.S. Securities and Exchange Commission (SEC) on February 6, 2025. This marks a significant increase from the 4.09% stake the global asset management giant held at the close of Q3 2024.
With over $11.6 trillion in assets under management, BlackRock now owns nearly 11.2 million shares of Strategy, which is renowned for holding the largest corporate Bitcoin reserve in the world. Following the announcement of the increased stake, Strategy’s share price surged by over 2.8% in pre-market trading, reaching $339 per share.
Strategy, formerly known as MicroStrategy, owns 471,107 BTC, which is valued at approximately $48 billion. Despite Bitcoin’s price fluctuations, including dips below $100,000, the company has been steadily expanding its Bitcoin holdings.
The news comes shortly after Strategy rebranded itself with a new focus on Bitcoin. On February 5, the company launched a Bitcoin-centric marketing campaign as part of its shift to a more cryptocurrency-focused identity.
Though the company reported a net loss of $670 million last year, it remains committed to its “21/21 Plan,” which aims to raise up to $42 billion over the next three years by increasing its Bitcoin investments. Thus far, the company has raised $20 billion to support its Bitcoin buying strategy, primarily through debt and senior convertible notes.
BlackRock, a major player in Bitcoin investments, has also strengthened its position in the cryptocurrency space through its iShares Bitcoin Trust (IBIT). This Bitcoin exchange-traded fund (ETF) is one of the largest in the world, valued at over $55.5 billion as of January 31, 2025. It accounts for nearly half of the total holdings in all U.S. spot Bitcoin ETFs.
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