Summary
- BlackRock announced it has increased its stake in Strategy from 4.09% to 5%.
- This corresponds to approximately 11.2 million shares.
- BlackRock's increase in stake appears to be without intent to influence or control the company.
On the 7th, cryptocurrency-focused media outlet CoinDesk reported, citing a 13G document filed with the U.S. Securities and Exchange Commission (SEC), that BlackRock has increased its stake in Strategy to 5%. This equates to approximately 11.2 million shares.
Previously, as of September 30 last year, BlackRock held a 4.09% stake in Strategy.
The media added, "A 13G document is filed when an investor acquires more than 5% of a publicly traded company's stock but does not intend to influence or control the company."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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