YEREVAN (CoinChapter.com) — BlackRock, the world’s largest asset manager, has increased its stake in Michael Saylor’s Strategy to 5%, according to a Feb. 6 filing with the U.S. Securities and Exchange Commission (SEC). The investment follows the company’s recent rebranding from MicroStrategy to Strategy.
BlackRock manages over $11.6 trillion in assets, and its decision to increase holdings in Strategy highlights its growing exposure to Bitcoin investments. Strategy remains the largest corporate Bitcoin holder, with 471,107 BTC, worth around $48 billion.
Strategy Stock Rises After BlackRock’s Move
After BlackRock’s investment, Strategy’s stock price increased by 2.8% in pre-market trading, reaching $325 as of 12:25 p.m. UTC on Feb. 7, according to Google Finance.
The company recently introduced a Bitcoin-themed branding, reinforcing its focus on Bitcoin accumulation. On Feb. 5, Strategy had completed its transition from MicroStrategy, strengthening its identity as a corporate Bitcoin company.
Strategy Expands Bitcoin Holdings Despite Market Volatility
Strategy remains committed to acquiring more Bitcoin despite its $670 million net loss in Q4 2024. The company is executing its “21/21 Plan,” targeting $42 billion in capital over three years. The funds are allocated between equity and fixed-income securities to increase Bitcoin reserves.
So far, Strategy has secured $20 billion, mainly through senior convertible notes and debt financing. The company continues to expand its Bitcoin holdings, regardless of Bitcoin’s price fluctuations.
BlackRock’s Bitcoin ETF Gains Market Share
BlackRock’s spot Bitcoin ETF has become a major player in the market. As of Jan. 31, the fund ranked as the 31st largest ETF globally, covering both traditional finance and crypto investments, according to VettaFi.
The ETF holds over $55.5 billion in assets and controls 48.7% of the total holdings across all U.S. spot Bitcoin ETFs, based on Dune Analytics data. ETF investments played a key role in Bitcoin’s 2024 price movement, contributing 75% of new inflows when the asset crossed $50,000 on Feb. 15.
U.S. Lawmakers Push for Bitcoin Reserves
Bitcoin adoption among U.S. lawmakers is increasing. On Feb. 6, Kentucky became the 16th state to introduce a Bitcoin reserve-related bill, following Illinois’ proposal for a five-year Bitcoin holding strategy.
Anndy Lian, an intergovernmental blockchain expert, told․
“If Kentucky moves forward, it creates a roadmap for others to follow. The SEC, the Fed, and even Congress will have to grapple with how to classify Bitcoin in public reserves — is it a commodity? A security? Something entirely new?”
With more states considering Bitcoin reserves, institutional interest continues to grow. BlackRock and Strategy remain among the most active corporate investors in Bitcoin accumulation.
