贝莱德（Blackrock

贝莱德（BlackRock）是世界上最大的资产管理公司，已大大增加了其战略股份（以前称为MicroStrategy），将其所有权提高到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.

根据最近向美国证券交易委员会（SEC）提交的附表13G文件，贝莱德（BlackRock）是全球最大的资产管理公司，已大大增加了其在战略上的股份（以前称为MicroStrategy）。此举是在策略重新品牌和重点重视与比特币相关的计划之后的关键时期进行的。

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.

该文件显示，截至2023年3月31日，贝莱德现在有益地拥有策略未偿还普通股的5％。与以前的股份相比，这是截​​至2022年12月30日的3.44％的股份相比，其大幅增长。

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.

贝莱德（BlackRock）管理着数万亿美元的资产，它逐渐增加了其参与加密货币和区块链技术的参与。在过去的几年中，该公司已采取了多个步骤将数字资产集成到其投资组合中。

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启动了一项私人信托，为客户提供了对比特币的接触。该公司还向SEC提出了一项申请，以将其ISHARES CORE MSCI国际股票ETF转换为比特币ETF。此外，BlackRock参加了B系列融资巡回赛的互联网财务，这是Stablecoin USDC的发行人。

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.

这一举动强调了贝莱德对数字资产和区块链技术的不断扩展，将自己定位在机构加密货币采用的最前沿。随着比特币作为合法的金融资产获得认可，贝莱德决定提高其在战略中的股份的决定表明，作为多元化投资策略的一部分，数字资产的长期潜力的信心。

The Rebranding of MicroStrategy to Strategy: A Focus on Bitcoin

将微观策略重新命名为策略：专注于​​比特币

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对策略进行更名的决定反映了其不仅仅是商业智能软件公司的身份。多年来，在迈克尔·塞勒（Michael Saylor）的领导下，该公司将自己定位为比特币的主要倡导者和投资者，使其成为加密货币的最大企业持有人。

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.

这种转变与贝莱德的更广泛的投资愿景紧密相吻合。更名不仅是名字更改，而且是将比特币作为金融储备资产的战略转变。此举强调了机构投资者日益增长的信念，即比特币具有与黄金相似的长期价值存储的潜力。

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.

通过增加其在战略上的股份，贝莱德不仅认识到公司的创新方法，而且还加强了比特币作为现代金融市场中关键资产的合法性。

BlackRock’s Growing Interest in Digital Assets

贝莱德对数字资产的兴趣日益增加

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.

贝莱德一直在稳步增加其参与加密货币和区块链技术。在过去的几年中，该公司已采取了多个步骤将数字资产集成到其投资组合中。

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启动了一项私人信托，为客户提供了对比特币的接触。该公司还向SEC提出了一项申请，以将其ISHARES CORE MSCI国际股票ETF转换为比特币ETF。此外，BlackRock参加了B系列融资巡回赛的圈子Financial，这是Stablecoin USDC的发行人。

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.

通过提高其在战略中的股份，贝莱德（Blackrock）向一份明确的信息传达：比特币和数字资产已成为机构投资策略的关键部分。

A Larger Trend of Institutional Crypto Adoption

采用机构加密货币的更大趋势

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:

贝莱德（Blackrock）对战略的投资不断增加，这是逐渐将比特币和其他数字资产纳入其投资组合的机构投资者的更广泛运动的一部分。这一转变的一些关键驱动力包括：

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

对比特币是合法和不相关的资产类别的认可。

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

随着越来越多的机构拥抱数字资产，害怕错过潜在收益。

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

相信对比特币的小额分配可以增强投资组合的总体风险调整后收益。

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.

随着诸如BlackRock之类的越来越多的机构进入加密货币领域，它很可能会推动对比特币和其他数字资产的进一步需求，这可能会导致采用机构加密货币的“雪球效应”。

BlackRock’s Expansion into Private Markets

贝莱德扩展到私人市场

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.

除了关注比特币和数字资产之外，贝莱德还在扩展到私人市场。该公司将以120亿美元的价格收购HPS投资合作伙伴，这标志着替代投资的重大扩展。

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专门从事私人信贷，杠杆收购和替代资产管理，这些领域近年来已经显着增长。此次收购与贝莱德（BlackRock）的策略相吻合，该战略使其产品超出传统股票和债券，从而进入吸引机构资本的高收益私人市场。

BlackRock’s Vision for the Future

贝莱德对未来的愿景

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.

通过这些战略举动，促进其在战略上的股份，增加对比特币的接触，推出比特币ETF以及收购HPS投资伙伴 - Blackrock正在加强其作为全球资产管理领导者的地位。该公司通过将传统资产和数字资产纳入其长期投资策略来适应不断变化的金融格局。

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

随着财务世界继续随着区块链技术和分散资产的发展而发展，贝莱德的方法可能为其他机构投资者效仿而奠定了基础。如果比特币继续其主流