Financial conglomerate Morgan Stanley has acquired 792,627 shares of the aggressive bitcoin investor MicroStrategy. This is evidenced by the information on the website of the US Securities and Exchange Commission.
The investment giant now owns a 10.9% stake in a Nasdaq-listed analytics software provider. Most likely, the deal affected the price of MSTR shares, which have risen by more than 80% over the past 30 days – from $ 286 to the current $ 531.
Data: Nasdaq.
MicroStrategy is one of the institutions that started the trend of investing in bitcoin as a hedge against the risks of dollar depreciation.
In August, the company acquired 21,454 BTC for more than $ 250 million. A month later, the firm invested an additional $ 175 million, and in December another $ 650 million through borrowed capital. In total, MicroStrategy invested $ 1.12 billion in bitcoin, becoming the owner of 70 470 BTC – at the time of writing, they are estimated at more than $ 2.8 billion.
Earlier, the head of MicroStrategy, Michael Sailor, expressed his conviction that the flow of money from financial assets into bitcoin is not a bubble.
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