貝萊德（Blackrock

貝萊德（BlackRock）是世界上最大的資產管理公司，已大大增加了其戰略股份（以前稱為MicroStrategy），將其所有權提高到5％

BlackRock, the world’s largest asset management firm, has significantly increased its stake in Strategy (formerly known as MicroStrategy), according to a recent Schedule 13G filing with the U.S. Securities and Exchange Commission (SEC). This move comes at a pivotal time, following Strategy’s rebranding and renewed emphasis on Bitcoin-related initiatives.

根據最近向美國證券交易委員會（SEC）提交的附表13G文件，貝萊德（BlackRock）是全球最大的資產管理公司，已大大增加了其在戰略上的股份（以前稱為MicroStrategy）。此舉是在策略重新品牌和重點重視與比特幣相關的計劃之後的關鍵時期進行的。

The filing reveals that BlackRock now beneficially owns 5% of Strategy’s outstanding common stock, as of March 31, 2023. This represents a substantial increase compared to its previous stake, which stood at 3.44% as of December 30, 2022.

該文件顯示，截至2023年3月31日，貝萊德現在有益地擁有策略未償還普通股的5％。與以前的股份相比，這是截​​至2022年12月30日的3.44％的股份相比，其大幅增長。

BlackRock, which manages trillions of dollars in assets, has been gradually increasing its involvement in cryptocurrency and blockchain technology. Over the past few years, the firm has taken several steps to integrate digital assets into its investment portfolio.

貝萊德（BlackRock）管理著數万億美元的資產，它逐漸增加了其參與加密貨幣和區塊鏈技術的參與。在過去的幾年中，該公司已採取了多個步驟將數字資產集成到其投資組合中。

In August 2021, BlackRock launched a private trust that provides clients with exposure to Bitcoin. The firm also filed an application with the SEC to convert its iShares Core MSCI Total International Stock ETF into a Bitcoin ETF. Additionally, BlackRock participated in a Series B funding round for Circle Internet Financial, the issuer of the stablecoin USDC.

2021年8月，Blackrock啟動了一項私人信託，為客戶提供了對比特幣的接觸。該公司還向SEC提出了一項申請，以將其ISHARES CORE MSCI國際股票ETF轉換為比特幣ETF。此外，BlackRock參加了B系列融資巡迴賽的互聯網財務，這是Stablecoin USDC的發行人。

This move highlights BlackRock’s expanding interest in digital assets and blockchain technology, positioning itself at the forefront of institutional cryptocurrency adoption. With Bitcoin gaining recognition as a legitimate financial asset, BlackRock’s decision to boost its stake in Strategy signals confidence in the long-term potential of digital assets as part of a diversified investment strategy.

這一舉動強調了貝萊德對數字資產和區塊鏈技術的不斷擴展，將自己定位在機構加密貨幣採用的最前沿。隨著比特幣作為合法的金融資產獲得認可，貝萊德決定提高其在戰略中的股份的決定表明，作為多元化投資策略的一部分，數字資產的長期潛力的信心。

The Rebranding of MicroStrategy to Strategy: A Focus on Bitcoin

將微觀策略重新命名為策略：專注於​​比特幣

The decision by MicroStrategy to rebrand as Strategy reflects its evolving identity as more than just a business intelligence software company. Over the years, the company—under the leadership of Michael Saylor—has positioned itself as a major advocate and investor in Bitcoin, making it the largest corporate holder of the cryptocurrency.

MicroStrategy對策略進行更名的決定反映了其不僅僅是商業智能軟件公司的身份。多年來，在邁克爾·塞勒（Michael Saylor）的領導下，該公司將自己定位為比特幣的主要倡導者和投資者，使其成為加密貨幣的最大企業持有人。

This transformation aligns closely with BlackRock’s broader investment vision. The rebranding is not just a name change but a strategic shift towards leveraging Bitcoin as a financial reserve asset. The move underscores the growing belief among institutional investors that Bitcoin has the potential to be a long-term store of value, similar to gold.

這種轉變與貝萊德的更廣泛的投資願景緊密相吻合。更名不僅是名字更改，而且是將比特幣作為金融儲備資產的戰略轉變。此舉強調了機構投資者日益增長的信念，即比特幣具有與黃金相似的長期價值存儲的潛力。

By increasing its stake in Strategy, BlackRock is not only recognizing the company’s innovative approach but also reinforcing the legitimacy of Bitcoin as a key asset in modern financial markets.

通過增加其在戰略上的股份，貝萊德不僅認識到公司的創新方法，而且還加強了比特幣作為現代金融市場中關鍵資產的合法性。

BlackRock’s Growing Interest in Digital Assets

貝萊德對數字資產的興趣日益增加

BlackRock has been steadily increasing its involvement in cryptocurrency and blockchain technology. Over the past few years, the firm has taken several steps to integrate digital assets into its investment portfolio.

貝萊德一直在穩步增加其參與加密貨幣和區塊鏈技術。在過去的幾年中，該公司已採取了多個步驟將數字資產集成到其投資組合中。

In August 2021, BlackRock launched a private trust that provides clients with exposure to Bitcoin. The firm also filed an application with the SEC to convert its iShares Core MSCI Total International Stock ETF into a Bitcoin ETF. Additionally, BlackRock participated in a Series B funding round for Circle Internet Financial, the issuer of the stablecoin USDC.

2021年8月，Blackrock啟動了一項私人信託，為客戶提供了對比特幣的接觸。該公司還向SEC提出了一項申請，以將其ISHARES CORE MSCI國際股票ETF轉換為比特幣ETF。此外，BlackRock參加了B系列融資巡迴賽的互聯網財務，這是Stablecoin USDC的發行人。

By boosting its stake in Strategy, BlackRock is sending a clear message: Bitcoin and digital assets are becoming a crucial part of institutional investment strategies.

通過提高其在戰略中的股份，貝萊德（Blackrock）向一份明確的信息傳達：比特幣和數字資產已成為機構投資策略的關鍵部分。

A Larger Trend of Institutional Crypto Adoption

採用機構加密貨幣的更大趨勢

BlackRock’s increased investment in Strategy is part of a broader movement among institutional investors who are gradually incorporating Bitcoin and other digital assets into their portfolios. Some of the key drivers of this shift include:

貝萊德（Blackrock）對戰略的投資不斷增加，這是逐漸將比特幣和其他數字資產納入其投資組合的機構投資者的更廣泛運動的一部分。這一轉變的一些關鍵驅動力包括：

The recognition of Bitcoin as a legitimate and uncorrelated asset class.

對比特幣是合法和不相關的資產類別的認可。

The fear of missing out on potential gains as more institutions embrace digital assets.

隨著越來越多的機構擁抱數字資產，害怕錯過潛在收益。

The belief that a small allocation to Bitcoin can enhance the overall risk-adjusted return of an investment portfolio.

相信對比特幣的小額分配可以增強投資組合的總體風險調整後收益。

As more institutions like BlackRock enter the crypto space, it is likely to drive further demand for Bitcoin and other digital assets, potentially leading to a "snowball effect" in institutional crypto adoption.

隨著諸如BlackRock之類的越來越多的機構進入加密貨幣領域，它很可能會推動對比特幣和其他數字資產的進一步需求，這可能會導致採用機構加密貨幣的“雪球效應”。

BlackRock’s Expansion into Private Markets

貝萊德擴展到私人市場

Beyond its focus on Bitcoin and digital assets, BlackRock is also expanding into private markets. The firm is set to acquire HPS Investment Partners for $12 billion, marking a major expansion into alternative investments.

除了關注比特幣和數字資產之外，貝萊德還在擴展到私人市場。該公司將以120億美元的價格收購HPS投資合作夥伴，這標誌著替代投資的重大擴展。

HPS Investment Partners specializes in private credit, leveraged buyouts, and alternative asset management, areas that have seen significant growth in recent years. The acquisition aligns with BlackRock’s strategy to diversify its offerings beyond traditional stocks and bonds, tapping into high-yield private markets that have been attracting institutional capital.

HPS Investment Partners專門從事私人信貸，槓桿收購和替代資產管理，這些領域近年來已經顯著增長。此次收購與貝萊德（BlackRock）的策略相吻合，該戰略使其產品超出傳統股票和債券，從而進入吸引機構資本的高收益私人市場。

BlackRock’s Vision for the Future

貝萊德對未來的願景

With these strategic moves—boosting its stake in Strategy, increasing exposure to Bitcoin, launching a Bitcoin ETF, and acquiring HPS Investment Partners—BlackRock is reinforcing its position as a leader in global asset management. The firm is adapting to the changing financial landscape by integrating both traditional and digital assets into its long-term investment strategy.

通過這些戰略舉動，促進其在戰略上的股份，增加對比特幣的接觸，推出比特幣ETF以及收購HPS投資夥伴 - Blackrock正在加強其作為全球資產管理領導者的地位。該公司通過將傳統資產和數字資產納入其長期投資策略來適應不斷變化的金融格局。

As the world of finance continues to evolve with blockchain technology and decentralized assets, BlackRock’s approach could set the stage for other institutional investors to follow suit. If Bitcoin continues its mainstream

隨著財務世界繼續隨著區塊鏈技術和分散資產的發展而發展，貝萊德的方法可能為其他機構投資者效仿而奠定了基礎。如果比特幣繼續其主流