BlackRock has increased its stake in Michael Saylor’s company, now rebranded as Strategy, to 5%. This investment marks a significant institutional interest in Bitcoin. BlackRock is recognized as the largest asset manager globally, overseeing over $11.6 trillion in assets. Following this investment, Strategy's stock price saw a rise of over 2.8% in pre-market trading. Strategy holds a substantial 471,107 BTC, valued at approximately $48 billion, making it the largest corporate Bitcoin holder. This move by BlackRock comes just a day after Strategy adopted a Bitcoin-themed marketing approach, reflecting its commitment to the digital currency.

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