BlackRock Increases Stake in Strategy (MSTR)
Disclaimer: The analyst who authored this piece holds shares in Strategy (MSTR).
In a significant development, BlackRock (BLK) has reported that it now owns a 5% stake in Strategy (MSTR), which translates to approximately 11.2 million shares. This represents an increase of 0.91% from its earlier ownership of 4.09% as of September 30, 2024, according to data from Yahoo Finance.
The filing in question is a Schedule 13G, which is submitted when an investor acquires over 5% of a publicly traded company’s stock without the intention of influencing or controlling it. Institutional investors are required to file these disclosures within 45 days after the end of the fiscal year, or within 10 days if their ownership surpasses 10%. Given that BlackRock’s filing date was December 31, 2024, the firm was obligated to disclose its position by February 14, 2025.
In related news, Strategy’s perpetual preferred stock, symbolized as STRK, commenced trading on the Nasdaq on Thursday. According to TradingView, STRK experienced a 2% increase in value by the close of the trading day, with more than 650,000 shares exchanged. This momentum appears to be carrying forward, with STRK reported to be up 5% in pre-market trading.
STRK Performance (TradingView)
