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

BlackRock (BLK) has disclosed in its latest 13G filing that its stake in Strategy (MSTR) has increased to 5%, or approximately 11.2 million shares, up 0.91% from 4.09% on September 30, 2024. 13G filings are typically used to disclose passive investments, meaning the investor has no intention of influencing or controlling the company. Meanwhile, Strategy's perpetual preferred stock (STRK) has been listed on Nasdaq and rose 2% on its first day of trading, with a trading volume of over 650,000 shares and a pre-market trading increase of 5%.