BlackRock has increased its stake in Michael Saylor’s Strategy, formerly known as MicroStrategy, to 5%. This move illustrates BlackRock's increasing institutional interest in Bitcoin. The investment was reported on February 6, following the company's rebranding announcement. BlackRock, which manages over $11.6 trillion in assets, filed the updated stake with the US Securities and Exchange Commission. Following the news, MicroStrategy's stock experienced a more than 2.8% rise in pre-market trading, reflecting positive investor sentiment. Strategy is recognized as the largest corporate holder of Bitcoin, possessing 471,107 BTC, currently valued at approximately $48 billion. This stake enhancement occurs alongside Strategy's recent visual branding shift that emphasizes its focus on Bitcoin, suggesting a strategic pivot to align more closely with the cryptocurrency market.

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