BlackRock Inc. acquired a new stake in SoFi Technologies during the second quarter, according to an August 21, 2026, filing. The asset management firm purchased more than 72.4 million shares. This position is valued at approximately $1.3 billion. The investment gives BlackRock a 5.65% ownership stake in the company.
The move follows SoFi’s strong second-quarter performance. It coincides with a broader market rally for growth-oriented fintech stocks. BlackRock’s substantial position serves as a significant endorsement of SoFi’s business model.