BlackRock increases its stake in Strategy to 5%, STRK rises 5% in pre-market

ChainCatcher news, according to CoinDesk, BlackRock disclosed in its latest 13G filing that its stake in Strategy has increased to 5%, approximately 11.2 million shares, up 0.91% from 4.09% on September 30, 2024.

The 13G filing is typically used to disclose passive investments, meaning the investor does not intend to influence or control the company. Meanwhile, Strategy's perpetual preferred stock (STRK) has been listed on NASDAQ, rising 2% on its first day of trading with a volume exceeding 650,000 shares, and gaining another 5% in pre-market trading.