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



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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.
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