MicroStrategy (NASDAQ: The MSTR token has seen a tremendous 450% YTD increase in value, far surpassing Bitcoin’s overall 110% YTD gains. The problematic move to make Bitcoins one of the primary instruments of its financial plan has attracted the attention of big shots such as Vanguard, Morgan Stanley, and Capital International Investors.
MicroStrategy is currently the most significant corporate holder of Bitcoin, with about 331,200 BTC worth about $29.7 billion at the time of writing this paper. This total is anchored by a $4.6 billion purchase made on Monday, which became the company’s heftiest single-day buy of Bitcoin.
This is apparent from some SEC filings, current financial filings in significant newspapers, and the correspondents’ interviews. MicroStrategy’s 13F shows that the company’s institutional shareholders increased from 667 to 738 this quarter. At the end of September, the aggregate institutional stake of MSTR stood at $15.3 billion.
MicroStrategy Sees Unprecedented Institutional Investment Surge
Some of the most significant uplifts are Vanguard Group and Capital International Investors, which acquired nearly 16 million shares each, or 1000% growth in their portfolios. Morgan Stanley more than doubled its share, buying 8 million shares compared to 1 million in the previous quarter.
Goldman Sachs & Co, Bank of America, State Street Corp, and Susquehanna International Group purchased 696000, 766000, and 5.3 million shares, respectively.
Benchmark analyst Mark Palmer expanded on the way MicroStrategy invests in Bitcoin. Palmer sees the company’s capacity of compounding yield from Bitcoin and lever from constant access to the U.S. capital market as lacking in other investment products like Spot Bitcoin ETFs.
MicroStrategy positioned its market capitalization at $78 billion after experiencing an increasing trend of 12.96% in its share price in the previous trading session, ending at $384. In contrast, Microsoft only gained 0.18 percent, Tesla 5.62 percent, and Nvidia lost 1.29 percent.
Although MSTR is a relatively small part of institutional investment, the recent trend indicates a constant rise in Wall Street sentiment toward Bitcoin-oriented business aspirations. MicroStrategy’s move to double down on Bitcoin is paying off, as its results show it is leading the pack in the convergence of crypto and finance.
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