BlackRock doubles down on BTC! Increases holdings in Michael Saylor's Strategy to 5%.

Asset management giant BlackRock recently increased its stake in the Michael Saylor-led Strategy to 5%, further strengthening its interest in BTC. This increase coincides with MicroStrategy's renaming to Strategy and adoption of a BTC-themed brand image.

(MicroStrategy rebrands to reshape its brand, financial reports reveal continued losses, but there may be significant unrealized BTC capital gains tax in 2025 )

BlackRock increased its stake in Strategy

According to documents submitted to the U.S. Securities and Exchange Commission (SEC) on February 6th, BlackRock has increased its stake in Strategy MSTR before MicroStrategy to 5%, demonstrating its growing institutional interest in Bitcoin (BTC). However, this investment news does not seem to have a significant impact on the stock price of Strategy MSTR, which fluctuates between $320 and $325 during the day.

Previously, both the Norwegian Government Pension Fund and the South Korean National Pension Fund were exposed to holding stocks of Strategy, indirectly participating in Bitcoin investments.

According to Bitcoin Treasuries data, Strategy, as the largest corporate holder of BTC globally, currently holds 470,000 BTC with a market value of about $45.5 billion. This additional purchase from BlackRock undoubtedly further solidifies the company's position in the BTC market.

(Understanding MicroStrategy from scratch: The transformation from Business Intelligence (BI) to the BTC empire)

BlackRock continues to increase its investment in BTC with Strategy

Despite the recent multiple breaches of the $100,000 mark by BTC, BlackRock and Strategy continue to expand their investments in BTC.

It is reported that Strategy recognized a digital asset impairment of up to $1 billion in the fourth quarter, but it seems to have not diminished its determination to continue driving the '21/21 Plan', aiming to increase its capital by $42 billion from October 30, 2024, (, including $21 billion in equity and $21 billion in fixed income securities, for the acquisition of BTC as part of its reserve asset strategy within the next three years.

As of now, MicroStrategy has issued 1.67 billion shares, 3 billion convertible bonds, and nearly 600 million preferred stocks ) MicroStrategy classifies it as fixed income (.

) Annual Dividend 8% off! Is the issuance of MicroStrategy Perpetual Preferred Stock STRK tempting? (

On the other hand, the BTC spot ETF )IBIT(, owned by BlackRock, has become the 31st largest ETF in the world across traditional finance and cryptocurrency fields. Its total asset management size has exceeded $56.8 billion, accounting for 48.7% of the total holdings of all BTC spot ETFs in the United States.

It is not difficult to see that the inflow of ETF has significantly contributed to the rise in BTC price in 2024. SosoValue data shows that more than 40.6 billion US dollars have flowed in so far, and it has played a key role in the two rises of BTC in March and November last year.

The BTC reserve bill has blossomed in various states in the United States

In addition to financial institutions, the interest in BTC among various states in the United States continues to increase. A few days ago, Kentucky became the 16th state in the United States to propose BTC reserve-related bills. Other states, including Oklahoma, Texas, and Pennsylvania, have begun to promote BTC legislation to include it in retirement funds and state reserve assets to meet future economic challenges.

)BTC has become a new favorite for reserves in multiple states in the United States. Oklahoma, Texas, and Pennsylvania have successively promoted legislation (.

Various trends indicate that Bitcoin (BTC) is gradually gaining recognition from the US government and the business community, and may become part of a broader financial system in the future. With the increasing acceptance of BTC by global institutional investors and US states, its long-term value and market influence will undoubtedly continue to strengthen.

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