BlackRock trims stake in Bitcoin proxy Strategy but keeps top shareholder spot
Photo: Jeenah Moon/Bloomberg
The company also reported holding roughly 58.6 million MARA shares.
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BlackRock (BLK) trimmed its stake in Bitcoin treasury company Strategy (MSTR) in the fourth quarter of 2025, according to a recent SEC filing.
As of Dec. 31, 2025, the Wall Street giant owned 14.6 million MSTR shares worth $2.2 billion at the time of disclosure, marking a 0.3% decline from approximately 14.7 million shares held in the third quarter.
The New York-based firm led by Larry Fink owns 5.5% of Strategy, according to Yahoo Finance, and ranks among the top three shareholders after Vanguard Group and Capital International Investors.

Strategy, a software firm that has transformed into a vehicle for corporate Bitcoin accumulation, is one of the most prominent publicly traded proxies for exposure to the digital asset.
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BlackRock also owns shares in MARA Holdings (MARA) with around 58.6 million shares as of the latest disclosure, representing a 15% stake. This makes the firm the largest institutional shareholder of the Bitcoin miner.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
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