BlackRock doubles down on Bitcoin! Increases holdings in Strategy led by Michael Saylor to 5%
Asset management giant BlackRock has recently increased its holdings in the Strategy led by Michael Saylor to 5%, further strengthening its investment interest in Bitcoin.
Despite Bitcoin's price frequently fluctuating around the $100,000 mark recently, BlackRock and Strategy continue to expand their investments in Bitcoin.
It is reported that Strategy recognized up to $1 billion in digital asset impairment in the fourth quarter, but this seems to have done little to diminish its determination to continue promoting the "21/21 Plan", aiming to increase $42 billion in capital over the next three years (starting from October 30, 2024), which includes $21 billion in equity and $21 billion in fixed-income securities for the acquisition of Bitcoin, as part of its reserve asset strategy.
As of now, MicroStrategy has issued 16.7 billion shares, 3 billion in convertible bonds, and nearly 600 million in preferred stock (MicroStrategy categorizes this under fixed income).
The era of major cryptocurrencies has arrived, and since Trump took office, the trend has become increasingly evident. The president personally issued tokens, setting aside the harvesting aspect, showing support for cryptocurrencies and memes, and drawing most of the liquidity and funds to Solana. Meanwhile, #Conan (contract ending xQBt) has become the hero dog of the crypto emperor, with top-notch popularity, imagination, and themes. Whenever Trump's son, wife, third uncle, or fourth aunt issues tokens, it's worth over a hundred million in market value. However, no one has yet paid attention to this hero dog, and when the Trump craze reignites, it will be the day Conan takes off!
