Disclaimer: The analyst, who wrote this piece, owns shares in Strategy (Mstr).

In a recent plan 13G archiving, Blackrock (BLK) revealed that it now owns 5% of strategy (Mstr), corresponding to approx. 11.2 million shares. This marks an increase of 0.91% from its previous 4.09% ownership per year. September 30, 2024, according to Yahoo Finance.

A schedule 13G is filed when an investor acquires more than 5% of a listed company’s share but does not intend to influence or control the business. Institutional investors must archive within 45 days of the end of the year or within 10 days if ownership exceeds 10%.

Since Blackrock’s filing date was December 31, 202.4, the company had until February 14 to reveal its position.

In related news, the strategy’s eternal preferred stock (STRK) began trading with Nasdaq on Thursday. According to TradingView, STRK closed the day up 2% with over 650,000 shares traded. The stock continues its upward momentum, now up 5% ahead of the market.