News View Non-AMP

BlackRock Now Owns 5% of Strategy (MSTR) as Bitcoin Bets Grow

Published by
Nidhi Kolhapur

BlackRock has increased its investment in Michael Saylor’s newly rebranded company, Strategy, highlighting its growing confidence in Bitcoin.

A recent Schedule 13G filing reveals that BlackRock now holds a 5% stake in Strategy (MSTR), totaling 11.2 million shares. This marks a 0.91% increase from its previous 4.09% stake as of September 30, 2024, according to Yahoo Finance.

Following the news, MicroStrategy’s stock climbed 2.8% in pre-market trading, reaching $325 by 12:25 PM UTC on February 7. Strategy remains the largest corporate holder of Bitcoin, owning 471,107 BTC – worth around $48 billion.

A Strong Commitment to Bitcoin

BlackRock’s growing stake comes just a day after MicroStrategy rebranded as “Strategy” and introduced a Bitcoin-themed visual identity. Despite Bitcoin dipping below $100,000, both BlackRock and Strategy continue to invest heavily in the cryptocurrency.

Even after posting a $670 million net loss in Q4 2024, Strategy remains focused on its “21/21 Plan.” The company aims to raise $42 billion over three years, split between equity and fixed-income securities, to buy more Bitcoin. So far, it has secured $20 billion, funding purchases mainly through senior convertible notes and debt.

BlackRock’s Bitcoin ETF Leads the Market

As of January 31, BlackRock’s Bitcoin exchange-traded fund (ETF) ranked as the 31st-largest ETF globally, covering both crypto and traditional finance, per VettaFi data. It remains the largest Bitcoin ETF, managing over $55.5 billion and controlling 48.7% of all U.S. spot Bitcoin ETFs, according to Dune Analytics.

Bitcoin ETFs played a major role in the crypto’s 2024 price rally, contributing to 75% of new investments when Bitcoin reclaimed $50,000 on February 15, just weeks after the ETFs launched.

Growing Bitcoin Adoption

Bitcoin adoption is growing in the US, with Kentucky recently becoming the 16th state to introduce Bitcoin reserve legislation on Feb. 6. Kentucky’s bill follows a similar move by Illinois, which proposed a Bitcoin reserve strategy with a minimum holding period of five years just a week earlier.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

Best Cryptocurrencies for June 2025: Ripple (XRP), Dogecoin (DOGE), Mutuum Finance (MUTM)

As market sentiment shifts and fresh momentum builds across digital assets, June 2025 presents a…

June 2, 2025

Live Coin Watch Alert: Bitcoin Solaris’s 21M Fixed Supply Creates Your Second Chance at Bitcoin’s Growth Path

When Bitcoin first emerged, its fixed 21 million supply was mocked. Today, that scarcity has…

June 2, 2025

Singapore Cracks Down on Unlicensed Crypto Firms with Strict New Rules

Singapore’s financial authority announces that unlicensed crypto firms operating overseas after June 30 will be…

June 2, 2025

Can U.S. Buy More Bitcoin? Here’s What David Sacks Revealed

On May 27, 2025, US President’s crypto czar, David Sacks, says there is a pathway…

June 2, 2025

After Monero Surge, Wall Street Ponke Gains Momentum, maybe Under $1?

Hackers used Monero to move stolen Bitcoin, pushing XMR up 24 percent to $269. But…

June 2, 2025

Pakistan Allocates 2,000MW for Bitcoin Mining and AI: A Digital Revolution

Pakistan has allocated 2,000 megawatts (MW) of electricity to fuel Bitcoin mining and artificial intelligence…

June 2, 2025