BlackRock scoops up more Strategy’s shares, boosts stake to 5%

Key Takeaways

BlackRock has increased its stake in Strategy to 5%, owning approximately 11.2 million shares.
The disclosure of BlackRock’s increased stake was made through a Schedule 13G filing with the SEC.

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BlackRock increased its ownership stake in Strategy (MSTR) to 5% during the fourth quarter of 2024, according to its latest SEC filing. The investment firm held approximately 11.2 million shares of Strategy, having acquired roughly 1.8 million shares during the period, based on data from Yahoo Finance.

The New York-based asset management giant, overseeing over $11.6 trillion in client assets, is among the top shareholders of Strategy, alongside Capital International Investors, Vanguard Group, Morgan Stanley, and State Street.

As of the latest data, Capital International Investors and Vanguard Group are Strategy’s largest shareholders.

Interestingly, Vanguard, which has long been skeptical of Bitcoin and crypto assets, holds large positions in companies that are bullish on Bitcoin, like Strategy, Riot Platforms, and MARA Holdings, formerly known as Marathon Digital.

BlackRock also holds shares in MARA Holdings (MARA). As of September 30, 2024, Larry Fink’s company owned around 45,2 million shares of MARA, representing a 13% stake in the company. This makes the firm one of the largest institutional shareholders of the Bitcoin miner.

BlackRock’s most recent disclosure of MSTR holdings comes after Michael Saylor’s company rebranded to Strategy, positioning itself as the world’s largest Bitcoin treasury company while continuing its development in AI-enabled business intelligence.

Strategy’s perpetual preferred stock (STRK), which debuted on Nasdaq Thursday, closed up 2% on volume exceeding 650,000 shares. The stock is showing further strength in pre-market trading, up 5%.

MSTR was down about 3% at Thursday’s close but is up 1.5% in pre-market trading.

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