Capital International, which oversees $400 billion in assets, has made a $600 million investment in MicroStrategy. A publicly traded business intelligence firm that is heavily involved in Bitcoin. With 953,242 shares, Capital International is the second-largest MicroStrategy shareholder. Capital International the capiSecond-Largest MicroStrategy Shareholder With 953,242 Shares Capital International did not possess any MicroStrategy shares as of March 31, according to the company’s latest 13F filing with the Securities and Exchange Commission (SEC). The fund manager now controls 12.2% of MicroStrategy, which presently has 105,085 Bitcoin, and plans to buy more by selling $1 billion in shares. MSTR’s share price is trading at $628.66, up from a low of around $410 in May, thanks to this substantial position by Capital International, which is described in the filing as a branch of Capital Research and Management. Shares of MSTR are still down more than 52% from their all-time high of just above $1,314 in early February, but they are up more than 436 percent from a year ago, when MicroStrategy CEO Michael Saylor revealed his plans to acquire Bitcoin in early August 2020. MicroStrategy Inc. MSTR shares rose 2.3% on Friday afternoon trade. Capital International Investors has purchased a significant ownership interest in the enterprise software and Bitcoin play. Its stock has dropped 11.0% in the last three months. MicroStrategy Spent $10 Million On Bitcoin MicroStrategy, Michael Saylor’s NASDAQ-listed business, paid roughly $2.25 billion for the tokens at an average price of approximately $24,450 each. Saylor’s Tysons Corner, a Virginia-based company is one of the few with Bitcoin on its books. Saylor has been a vocal proponent of digital currencies, arguing that the Federal Reserve’s loosening of asset pricing policy is to blame for his disdain for cash. Saylor revealed the newest big Bitcoin purchase on Twitter on May 12th, following Elon Musk’s announcement that Tesla will no longer accept Bitcoin payments for its electric vehicle due to environmental concerns.
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