Catenaa, Tuesday, February 11, 2025 – BlackRock has increased its stake in Strategy, formerly MicroStrategy, to 5%, signaling heightened institutional confidence in Bitcoin-focused corporate strategies.
The world’s largest asset manager disclosed the move in a Feb. 6 filing with the U.S. Securities and Exchange Commission.
The announcement sent Strategy’s stock up 2.8% in pre-market trading, reaching $325 as of Feb. 7, according to Google Finance data.
The company, led by Bitcoin advocate Michael Saylor, remains the largest corporate Bitcoin holder, with 471,107 BTC valued at approximately $48 billion.
BlackRock’s increased exposure comes just a day after MicroStrategy completed its rebrand to Strategy, reinforcing its commitment to Bitcoin. Despite reporting a $670 million net loss in Q4 2024, the firm remains focused on its “21/21 Plan,” aiming to raise $42 billion over three years to acquire more Bitcoin.
Meanwhile, BlackRock’s Bitcoin exchange-traded fund (ETF) continues to dominate the crypto investment space, ranking as the 31st-largest ETF globally by Jan. 31. The fund holds over $55.5 billion in assets, controlling nearly half of U.S. spot Bitcoin ETF holdings, per Dune Analytics.
The surge in institutional demand has fueled Bitcoin’s rally, with ETFs accounting for 75% of new investments when BTC surpassed $50,000 in February.
In the US, state-level Bitcoin adoption is gaining traction, with Utah advancing legislation to allocate public funds to digital assets. Kentucky, Missouri and other states are also considering similar measures, while North Dakota lawmakers recently rejected a crypto reserve bill.
