A recent SEC filing revealed that BlackRock increased its stake in Strategy (formerly MicroStrategy) to 5%, equivalent to approximately 11.2 million shares.

Strategy’s frequent Bitcoin acquisitions have made it a go-to option for institutional players seeking indirect Bitcoin investment.

MicroStrategy’s Shares Are Up

In a recent filing, BlackRock, the world’s largest asset manager, disclosed a new acquisition of Strategy’s shares. This latest purchase represents a 0.91% increase from its previous 4.09% ownership as of September 2024.

A Schedule 13G is filed when an investor acquires more than 5% of a publicly traded company’s stock but does not intend to influence or control the company. Institutional investors must file within 45 days after year-end or within 10 days if ownership exceeds 10%.

According to TradingView, Strategy experienced larger trading volumes in response to BlackRock’s purchase, while its shares on NASDAQ increased by 2%.

The timing of BlackRock’s increased stake coincides with Strategy’s continued Bitcoin accumulation. The company’s recent financial results reveal a record-breaking Q4 2024 for Bitcoin purchases, with acquisitions surpassing $20 billion. 

Earlier this week, Michael Saylor announced that Microstrategy has rebranded to Strategy, incorporating the Bitcoin symbol in its official logo. Under its new brand name, the company aims to gain $10 billion on its Bitcoin holdings in 2025.

Less than two weeks ago,

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Author: Camila Grigera Naón