BlackRock Increases Stake in Strive by 133% Following Bitcoin Strategy Dip

Global asset manager BlackRock's iShares Preferred Stock ETF has increased its stake in Strive (SATA), a strategic Bitcoin acquisition company that saw significant price declines, by 133% following a drop in SATA's share price to $83.50 in June. According to BlackRock filings, the ETF raised its holdings from previous levels to a total of 476,974 shares (approximately $4.77 million).