- Institutional investment managers that manage equity assets valued at $100 million or more have recently completed 13F filings.
- MicroStrategy, a business analytics organization, owns 331,200 Bitcoin, which is approximately $29.7 billion.
Since August 2020, when business intelligence firm MicroStrategy emerged as the largest corporate holder of bitcoin, it has been regarded as a kind of proxy for the cryptocurrency. Following a massive acquisition of over $4.6 billion on Monday, the corporation now has 331,200 BTC, or about $29.7 billion, which is its largest single-day transaction to date.
MSTR’s stock stands out from other ways to get exposure to bitcoin, including spot bitcoin ETFs, because to its capacity to produce compounding income on its bitcoin holdings, which is made possible by leverage accumulated from the frequent tapping of the U.S. capital markets.
What are the institutional investors’ thoughts on MicroStrategy’s stock (ticker: MSTR) as retail traders continue to buy up shares? 13Fs can provide insight into the market strategies of some of the most prominent money managers and the biggest portfolios. The conventional heavyweights of Wall Street, it turns out, also want to be included in the ride.
Institutional investment managers that manage equity assets worth at least $100 million submitted 13F reports to the last week’s U.S. Securities and Exchange Commission. The filings, which must be completed within 45 days of the end of each quarter, reveal the manager’s stock holdings. The information below does not reveal any short positions and reflects holdings as of September 30.
According to 13f.info, the overall stated value of MicroStrategy’s institutional holders increased from 667 to 738, with a reported total value of $15.3 billion.
In the third quarter, Capital International Investors and Vanguard Group, the second-largest asset management in the world, both purchased over 16 million MicroStrategy shares, increasing their stakes of the company by about 1,000%. (Incidentally, a Vanguard executive stated that the company will not provide the assets due to doubts about the “enduring investment merit” of cryptocurrency as an asset class at the time spot bitcoin ETFs were listed in the United States.)
The massive investment banking firm Morgan Stanley also showed no hesitancy, purchasing 8 million shares, a 500% increase from quarter to quarter. Smaller acquisitions (696,000 and 766,00 shares, respectively) were made by Goldman Sachs and Bank of America, but they came after significant purchases made in the previous quarter. In the meantime, Susquehanna and State Street jointly purchased 5.3 million MSTR.
It should be mentioned that these assets pale in comparison to the greater holdings of these corporations. Vanguard, for example, owns 800 million shares of Amazon.
Compared to MicroStrategy shares, which have gained 450% in the same time frame, the price of bitcoin has increased by around 110% so far this year. Recently, MSTR surpassed its previous peak.
With a market value of $78 billion, MicroStrategy’s shares ended the day trading at $384 per share.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
