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Capital International Buys Almost 1 Million Shares of Bitcoin Focused Microstrategy – News Bitcoin News

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Leading asset management firm Capital International has gained exposure to bitcoin through investments in almost 1 million shares of Microstrategy that now holds more than 100K bitcoin

  • International Capital Investors (CII) informed The SEC in a record dated 12 July that it has purchased shares of common stock of Class A Microstrategy (MSTR). The registration says:

CII is estimated 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 founded in Los Angeles, California, in 1931. The firm ranks among the oldest and largest investment management organizations in the world, with over $ 2.2 trillion in assets under management as of December 31, 2020

  • Microstrategy has adopted bitcoin as its main strategy. On June 21, CEO Michael Saylor announced that his company’s bitcoin holdings had reached 105,085 BTC earned about $ 2.741 billion at an average price of approximately $ 26.080 per bitcoin.
  • At the time of writing, Microstrategy bitcoins are worth more than $ 3.62 billion.

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

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