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BlackRock Boosts Stake in Strategy Amid Bitcoin Losses

2/8/2025

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Summary

Story summary

BlackRock raised its stake in Strategy to 5%, acquiring around 11.2 million shares.
Strategy plans to reach $10 billion in Bitcoin holdings by 2025, pausing purchases amid market fluctuations.
The company may incur an $18 billion tax liability from unrealized gains under the US corporate alternative minimum tax.
Strategy reported a Q4 2024 net loss of $670.8 million, largely due to a major impairment charge on Bitcoin.

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Story summary

BlackRock raised its stake in Strategy to 5%, acquiring around 11.2 million shares.
Strategy plans to reach $10 billion in Bitcoin holdings by 2025, pausing purchases amid market fluctuations.
The company may incur an $18 billion tax liability from unrealized gains under the US corporate alternative minimum tax.
Strategy reported a Q4 2024 net loss of $670.8 million, largely due to a major impairment charge on Bitcoin.