BlackRock now owns 5% of Strategy as the latter's bitcoin exposure grows

Asset management giant BlackRock has increased its stake in Strategy (formerly MicroStrategy), the largest corporate holder of bitcoin, from 4.09% to 5%, according to its Schedule 13G filing with the U.S. Securities and Exchange Commission.

The filing, dated Feb. 6, 2025, shows that BlackRock owns a total of 11.26 million common shares of Strategy as of Dec. 31, 2024 up from 9.48 million shares as of Sept. 30, 2024 an increase of 1.78 million shares over the quarter.

While the exact purchase price of these additional shares is unclear, they are currently valued at around $584 million based on Strategy's current share price of around $325. At this price, BlackRock's entire 11.26 million-share stake is worth around $3.67 billion.

BlackRock's increased stake comes amid Strategy's continued bitcoin accumulation. Strategy holds 471,107 bitcoins, currently worth over $46 billion, according to The Block's Data Dashboard. Earlier this week, the company reported a net loss of $670.8 million.

The 5% stake threshold required BlackRock to file a Schedule 13G with the

SEC. This form is used by institutional investors who acquire 5% or more of a company's shares but do not intend to influence control or management. It's a more straightforward filing for passive investors, while Schedule 13D is for those looking to influence a company's decisions.

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