<div class="body-Xl9a4Ubk body-nzzZVyQ3 content-nzzZVyQ3"><div class="symbolsContainer-uFduEtAF logosContainer-diQOvrPB"></div><div><span><p><span>Stephen A. Schwarzman disclosed a 9.4% stake in Blackstone Digital Infrastructure Trust Inc. through a Schedule 13D filing. The position reflects purchases tied to the company’s May 15, 2026 initial public offering and a directed share program. The move is notable because Blackstone affiliates manage the company and employ its non-independent leadership, which can shape strategy.</span></p><p><strong><span>Investor Intent</span></strong></p><p><span>Schwarzman and affiliated Blackstone entities say they hold the stock for investment but plan to stay active in their review of the company. They may discuss strategy with the board and management, hire advisors, and consider major actions, including, as they put it, “an extraordinary corporate transaction, including a merger, reorganization or liquidation.”</span></p><p><span>They also note the option to buy more shares or sell holdings as conditions change. With BX REIT Advisors L.L.C., a Blackstone affiliate, serving as the external manager, they acknowledge an ability to influence business plans and governance while they “evaluate strategic alternatives.”</span></p><p><strong><span>Investor's Background</span></strong></p><p><span>Stephen A. Schwarzman is the co-founder, chairman, and CEO of Blackstone, a leading global investment firm. He is known for large-scale private equity and real assets deals and a focus on operational improvement and long-term value creation. The filing states he serves as an executive of Blackstone and Blackstone Group Management L.L.C., which his group controls.</span></p><p><span>Original SEC Filing: </span>Blackstone Digital Infrastructure Trust Inc. [ BXDC ] - SCHEDULE 13D - May. 22, 2026</p><section><b><span class="heading-JaE7wgR2">Disclaimer</span></b><div class="content-JaE7wgR2 link-with-underline-JaE7wgR2"><span>This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.</span></div></section></span></div></div>

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<p>Stephen A. Schwarzman disclosed a 9.4% stake in Blackstone Digital Infrastructure Trust Inc. via a Schedule 13D filing. This stake is linked to the company's upcoming IPO and reflects potential influence over strategy and governance. Schwarzman, along with Blackstone affiliates, intends to remain active in reviewing the company and may consider significant actions, including mergers or reorganizations.</p>

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Stephen A. Schwarzman Discloses 9.4% Stake in Blackstone Digital Infrastructure Trust