BlackRock Boosts Stake in Strategy to 5%
BlackRock's ownership of Strategy has risen to 5%, reflecting a strong performance in pre-market trading.
What to Know:
- BlackRock’s stake in Strategy has grown to 5%, as disclosed in the latest Schedule 13G filing.
- Strategy’s preferred stock has seen a 5% increase in pre-market trading.
In a recent Schedule 13G filing, BlackRock (BLK) announced that its ownership in Strategy (MSTR) has increased to 5%, with approximately 11.2 million shares. This marks a notable rise from 4.09% on September 30, 2024, according to Yahoo Finance.
A Schedule 13G is required when an investor acquires more than 5% of a publicly traded firm without the intent of controlling it. Institutional investors must file within 45 days after the year end or within 10 days if their ownership surpasses 10%.
As the filing date was December 31, 2024, BlackRock was expected to disclose its position by February 14.
In addition, Strategy’s preferred stock (STRK) began trading on Nasdaq recently, and it finished up 2%, trading over 650,000 shares. The stock continues to gain momentum, now showing a 5% increase in pre-market.
