Astar (astr) 
BlackRock Increases Stake in Strategy to 5%, Boosts Bitcoin Holdings
According to a recent filing with the U.S. Securities and Exchange Commission, BlackRock has increased its stake in Strategy (formerly MicroStrategy) to 5%. The firm now holds approximately 11.2 million shares, up from 4.09% in September 2024.
Following the disclosure, Strategy’s stock rose 2.8% in pre-market trading, reaching $331.90 per share. This development highlights the growing interest in Bitcoin and its potential as a valuable asset in investors’ portfolios.
Strategy’s Bitcoin Holdings
Strategy remains the largest corporate holder of Bitcoin, with 471,107 BTC worth about $48 billion. Despite reporting a $670 million net loss in Q4 2024, the company continues to pursue its “21/21 Plan,” which aims to raise $42 billion for additional Bitcoin purchases.
So far, Strategy has secured $20 billion through debt and equity financing. The company recently rebranded as part of its strategy to strengthen its position as the world’s largest Bitcoin treasury company.
BlackRock’s Growing Involvement with Bitcoin
BlackRock is preparing to launch its first Bitcoin exchange-traded product in Europe, following the success of its $58 billion Bitcoin ETF in the U.S. The fund is expected to be based in Switzerland, with marketing potentially starting this month.
The asset manager has significantly expanded its involvement with Bitcoin. In January 2024, the firm launched the iShares Bitcoin Trust, a spot Bitcoin exchange-traded fund, which has since become the largest of its kind, amassing over $50 billion in assets.
Investing in Bitcoin: Tips and Considerations
BlackRock’s CEO, Larry Fink, recommends a modest allocation of 1% to 2% in Bitcoin to capture diversification benefits without significantly increasing risk. When investing in Bitcoin, consider the following:
- Start with a small allocation and gradually increase it based on your risk tolerance and investment goals.
- Diversify your portfolio to minimize risk and maximize returns.
- Keep up-to-date with market news and trends to make informed investment decisions.
Stay Informed with Global Crypto News
For the latest news and updates on Bitcoin and the crypto market, visit Global Crypto News. Stay ahead of the curve and make informed investment decisions with our expert insights and analysis.
