Capital International Buys Nearly 1 Million Shares of Bitcoin-Focused Microstrategy

Capital International Buys Nearly 1 Million Shares of Bitcoin-Focused Microstrategy
фото показано с : news.bitcoin.com

2021-7-12 03:00

Major asset management firm Capital International has gained exposure to bitcoin through investing in almost 1 million shares of Microstrategy which now holds more than 100K bitcoins.

Capital International Investors (CII) informed the SEC in a filing dated July 12 that it has purchased shares of Microstrategy’s Class A common stock (MSTR). The filing states:

CII is deemed to be the beneficial owner of 953,242 shares or 12.2% of the 7,782,568 shares believed to be outstanding.

Capital International is a division of Capital Group, a global investment management firm established in Los Angeles, California, in 1931. The firm ranks among the world’s oldest and largest investment management organizations, with over $2.2 trillion in assets under management as of Dec. 31, 2020. if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } }); Microstrategy has been acquiring bitcoin as its key strategy. On June 21, CEO Michael Saylor announced that his company’s bitcoin holdings had reached 105,085 BTC acquired for about $2.741 billion at an average price of approximately $26,080 per bitcoin. At the time of writing, Microstrategy’s bitcoins are worth more than $3.62 billion.

What do you think about Capital International gaining bitcoin exposure by buying almost 1 million shares of Microstrategy? Let us know in the comments section below.

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