Blackrock enlarges its bet and buy more Strategy actions

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By TP

The company owns approximately 11.2 million shares. By September 2024, they own 4.09% of Strategy. Blackrock, one of the largest investment firms worldwide, recently revealed that it has 5% Strategy, equivalent to approximately 11.2 million shares. The information was disclosed through an Annex 13G, a document that must be presented before the US stock and values ​​commission. UU. (SEC). Blackrock's shares in the company founded by Michael Saylor They increased 0.91% compared to September 30, 2024when they owned 4.09% of the participation, according to Yahoo Finance data. It should be noted that the firm was ahead of the top date to present its Annex 13, which was on February 14. This document must be presented when a company acquires more than 5 % of the shares of an organization listed in the stock market, but does not intend to exercise control over it. Microstrategy, now renamed Strategy, carried out a complete rebranding adopting a new name and an orange logo to strengthen its identity linked to the world of cryptocurrencies. According to Phong Le, CEO of the company, this change reflects the fact that the firm «is innovating in two of the most disruptive technologies of the 21st century: Bitcoin and artificial intelligence.» At the end of January, Strategy reported that he had obtained the approval of his shareholders to expand his capital and resources, which will allow him to finance the continuous purchase of Bitcoin. This approach reflects the company's vision of maximizing the performance of its balance, while reinforcing its commitment to BTC and technological innovation. At the time of writing this article, The strategy action price (MSTR) is at 333.94 USDaccording to Yahoo Finance data. The company has a stock capitalization of 82.13 billion USD and a value of 89.34 billion USD. In addition, it currently has 471,107 BTC.

In the context of its strategic bet for Bitcoin, the data highlights the outstanding performance of the company. Source: Yahoo Finance during the last 12 months, The action has fluctuated between a minimum of 61,41 USD and more than 470.00 USD. In this context, experts like Matt Allen see the firm as one of the actions related to cryptocurrencies with a bullish potential in 2025, although there are also concerns about the levels of indebtedness facing the organization. For example, Arthur Hayes, the former Bitmex CEO, said in early January that the company will face problems when the BTC price decreases.

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