Capital Group Division acquires 12% of the shares in MicroStrategy BTC-Buyer
The Capital Group division recently bought 12% of Microstrategy stocks weighing in BTC and currently only BlackRock has a larger stake and indirect exposure to BTC as we can see in our latest Bitcoin news today.
A $ 2.2 trillion asset manager, the Capital Group Division, bought a 12 percent stake in Microstrategy, a cloud software company known for its massive BTC holdings. Capital International Investors, a division of Los Angeles-based Capital Group, last month bought shares in Microstrategy and filed them with the SEC. 953,242 shares valued at $ 561 million at today’s prices. BlackRock is the only company with a larger stake and exposure to Bitcoin.
As one of the largest institutional investors worldwide, the Capital Group is indirectly invested in BTC, as Microstrategy holds part of its treasury in BTC. The company, led by Michael Saylor, has raised 105,085 cryptocurrencies valued at $ 3.4 billion at today’s prices. The Capital Group, on the other hand, views mutual fund manager American Funds as one of its companies and declined to comment on the matter.
Microstrategy’s obsession with buying Bitcoin was one of the main reasons behind the massive bull run in cryptocurrency that began a year ago. The Virginia-based company began purchasing the property last year and invested $ 250 million in August. The company bought even more BTC and CEO Michael Saylor is still preaching the value of the coin. This is everywhere including Twitter. Microstrategy has sold debt to buy more BTC and owns more cryptocurrency than any other publicly traded company. BlackRock is currently the world’s largest sovereign wealth fund with more MicroStrategy than Capital with a stake of 14.5%.
As recently reported, many market participants cheer Saylor’s decision every time he tries to buy more BTC, but the more the company holds, the higher the risk. Given the cost opposing today’s popular opinion and the risks involved, there is a need to attract more attention to Bitcoin, which is being achieved thanks to Michael Saylor. The whole point of BTC is that no third party or other actor can influence the currency network, as even the creator of the coin disappears from existence for this very reason.
DC Forecasts is a leader in many crypto news categories, always striving for the highest journalistic standards and adhering to strict editorial guidelines. If you would like to share your expertise or contribute to our news page, please contact us at [email protected]
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Capital Group Division acquires 12% of the shares in MicroStrategy BTC-Buyer
The Capital Group division recently bought 12% of Microstrategy stocks weighing in BTC and currently only BlackRock has a larger stake and indirect exposure to BTC as we can see in our latest Bitcoin news today.
A $ 2.2 trillion asset manager, the Capital Group Division, bought a 12 percent stake in Microstrategy, a cloud software company known for its massive BTC holdings. Capital International Investors, a division of Los Angeles-based Capital Group, last month bought shares in Microstrategy and filed them with the SEC. 953,242 shares valued at $ 561 million at today’s prices. BlackRock is the only company with a larger stake and exposure to Bitcoin.
As one of the largest institutional investors worldwide, the Capital Group is indirectly invested in BTC, as Microstrategy holds part of its treasury in BTC. The company, led by Michael Saylor, has raised 105,085 cryptocurrencies valued at $ 3.4 billion at today’s prices. The Capital Group, on the other hand, views mutual fund manager American Funds as one of its companies and declined to comment on the matter.
Microstrategy’s obsession with buying Bitcoin was one of the main reasons behind the massive bull run in cryptocurrency that began a year ago. The Virginia-based company began purchasing the property last year and invested $ 250 million in August. The company bought even more BTC and CEO Michael Saylor is still preaching the value of the coin. This is everywhere including Twitter. Microstrategy has sold debt to buy more BTC and owns more cryptocurrency than any other publicly traded company. BlackRock is currently the world’s largest sovereign wealth fund with more MicroStrategy than Capital with a stake of 14.5%.
As recently reported, many market participants cheer Saylor’s decision every time he tries to buy more BTC, but the more the company holds, the higher the risk. Given the cost opposing today’s popular opinion and the risks involved, there is a need to attract more attention to Bitcoin, which is being achieved thanks to Michael Saylor. The whole point of BTC is that no third party or other actor can influence the currency network, as even the creator of the coin disappears from existence for this very reason.
DC Forecasts is a leader in many crypto news categories, always striving for the highest journalistic standards and adhering to strict editorial guidelines. If you would like to share your expertise or contribute to our news page, please contact us at [email protected]
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