BlackRock boosts stake in Strategy stock to 5% amid Bitcoin push

Blackrock increased its participation in the strategy (formerly Microstrategy) to 5%, according to a file of February 6 with the Securities and Exchange American Commission.

Business holds now About 11.2 million shares, compared to 4.09% in September 2024. After disclosure, strategy stocks increased by 2.8% in trading before the market, reaching $ 331.90 per share.

The strategy remains the biggest company holder Bitcoin (BTC), with 471,107 BTC worth around 48 billion dollars.

Despite a net loss of $ 670 million in the fourth quarter of 2024, the company continues to pursue Its “21/21 plan”, which aims to raise $ 42 billion for additional bitcoin purchases. So far, he has obtained $ 20 billion thanks to the financing of debt and actions.

Strategy recently renowned As part of its strategy to strengthen its position as a larger Bitcoin cash in the world.

Blackrock and Bitcoin

Blackrock Prepare to throw Its first product negotiated in Bitcoin in Europe, following the success of Son Etf Bitcoin of $ 58 billion in the United States, the fund should be based in Switzerland, with marketing potentially from this month.

The asset manager has considerably widened its involvement with Bitcoin. In January 2024, the company launched the Ishares Bitcoin TrustA bitcoin bitcoin fund, which has since become the largest of the genre, amassing more than $ 50 billion in assets.

Blackrock CEO, Larry Fink, has offbeat From skepticism to support for bitcoin, quoting its potential as a cover against the devaluation of mounts and a precious asset in investor wallets. The company recommends a modest allowance of 1% to 2% in Bitcoin to grasp diversification advantages without considerably increasing the risk.