BlackRock Increases Stake in Strategy With Additional Shares

BlackRock, one of the world’s biggest asset management firms, has increased its ownership in Strategy, formerly known as MicroStrategy. According to a scheduled 13G filing with the U.S. Securities and Exchange Commission (SEC), their stake grew from 4.09% to 5%. 

BlackRock Becomes a Major Shareholder in Strategy

The filing showed that BlackRock bought an additional 1.78 million shares, bringing its total to 11.26 million. It is worth noting that BlackRock’s total investment in Strategy is now worth over $3.67 billion. Although the exact cost of the new shares is unclear, the current market price is about $325 per share. This suggests the value of the 1.78 million shares bought is around $584 million. 

Interestingly, this new purchase makes BlackRock a major shareholder in Strategy, strengthening its influence in the company’s future. Furthermore, BlackRock’s recent purchase shows its interest in the growing connection between traditional finance and cryptocurrency. 

Although the purchase details are unclear, it suggests a possible long-term investment strategy. BlackRock likely sees the company’s extensive Bitcoin holdings as a good way to diversify its investments and attract more institutional investors.

BlackRock Lead Bitcoin Accumulation

Recall that the asset manager acquired 7,750 Bitcoin (BTC) in December. This purchase, driven by strong demand for its Spot Bitcoin Exchange-Traded Funds (ETFs) , brought its total Bitcoin holdings to $48.9 billion.

Similarly, BlackRock’s iShares Bitcoin Trust (IBIT) became the fastest ETF to surpass $50 billion in assets under management (AUM) . The milestone, achieved in just 228 days, dwarfs the previous record set by BlackRock’s iShares Core MSCI EAFE ETF, which took 1,329 days to reach the same mark. According to Bloomberg senior ETF analyst Eric Balchunas, this underscores a seismic shift in Bitcoin’s role within institutional portfolios.

Strategy Gears up for More Bitcoin

Notably, the software intelligence firm doubles down on its BTC accumulation strategy. Recently, the Virginia-based firm revealed plans to raise $563 million through a Perpetual Strike Preferred Stock (STRK) offering . This move aligns with Strategy’s aggressive Bitcoin accumulation, further solidifying its position as a corporate leader in cryptocurrency investments.

The company has used every available financial tool for the past four years to buy Bitcoin. This varied from convertible notes to direct stock offerings. Recall that it recently bought 10,107 BTC valued at $1.1 billion , marking twelve weeks of aggressive Bitcoin purchases.

Following the transaction, Strategy announced a redemption notice for its 2027 convertible senior tranche , valued at $1.05 billion. With another $563 million incoming, Strategy is making it clear that it has no plans of slowing down.