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BlackRock Inc. (NYSE: BLK ) disclosed an increased stake in Strategy (NASDAQ: MSTR ), now holding 5% of the company's shares. This position is equivalent to approximately 11.2 million shares, up from the 4.09% stake reported as of September 30, 2024. The investment firm filed a Schedule 13G, indicating a passive investment exceeding the 5% threshold.

A Schedule 13G is a regulatory filing required for investors who amass more than 5% of a publicly traded company's stock without seeking to exert control or influence over the company. Institutional investors must file this document within 45 days following the end of the year or within ten days if their ownership surpasses 10%. BlackRock met its obligation by filing on December 31, 2024, well before the February 14 deadline.

In a separate but related development, Strategy's perpetual preferred stock, under the ticker STRK, commenced trading on the Nasdaq last Thursday. The new listing saw a positive reception, closing 2% higher on its first day with over 650,000 shares changing hands. The momentum for STRK stock has continued into pre-market trading, with an additional increase of 5%.

The rise in Strategy's preferred stock comes amidst a broader context of market movements and investor interest in the company. BlackRock's increased stake in Strategy underscores the investment management firm's ongoing interest in the company's performance and potential.

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