Key Points
- BlackRock’s move comes after Strategy₿ reported huge success since Bitcoin investment debut in 2020.
- The world’s largest asset manager also plans to launch a BTC ETP in Europe.
BlackRock, the largest asset manager in the world, continues to make moves that mirror rising institutional interest in Bitcoin.
BlackRock Increases Stake in Strategy₿ to 5%
According to a filing with the US SEC dated February 6, BlackRock has increased its stake in Strategy₿ to 5%, equivalent to over 11 million shares. This marks a 0.91% rise from the previous 4.09% as of September 30, 2024.
BlackRock is currently the world’s largest asset manager with over $155.9 billion in market cap according to official data.
On February 1, 2025 BlackRock recorded its ATH in market cap above $166 billion, according to Companiesmarketcap.com .
BlackRock’s rise in Strategy₿’s stake comes following the recent rebranding of MicroStrategy that was announced together with its impressive performance since August 10, 2020, when the company decided to invest in Bitcoin.
Ever since, the company outperformed all major assets and S&P 500 stocks, according to official data from a recent report.
MSTR performance
At the moment of writing this article, MSTR is trading at $325.46, up by over 8% YTD.
MSTR price in USDBlackRock’s move regarding Strategy₿ or “Strategy” mirrors the company’s continued rising interest in Bitcoin exposure. This was recently revealed by another move that the company made to expand its crypto product offerings.
BlackRock’s Rising Interest in Bitcoin
It was reported that BlackRock plans to launch a Bitcoin ETP in Europe to offer BTC exposure to people in the region – this would be the first BTC product offered by the company outside of North America and it could be located in Switzerland.
The decision comes following an enormous success that BlackRock recorded with its US BTC ETF, IBIT, which had over $56.5 billion in net assets locked as of February 6, according to SoSoValue data.
SoSoValue dataMeanwhile, Bitcoin is making upward moves today, surpassing $98,000, following a recent drop below $96.000.
Bitcoin Rises Above $98,000
At the moment of writing this article, BTC is trading above $98,300 and has a market cap of $1.94 trillion.
BTC price in USD todayBTC’s price surge came after the recent unemployment data in the US which came in lower than expected.
Bitcoin remains surrounded by optimism amidst rising institutional interest, whale accumulation , and more states making moves toward establishing SBRs in the US.
