MicroStrategy's shares are becoming an increasing interest to institutional investors, particularly from international quarters. The
world's third-largest public pension fund has reportedly purchased $34M of MicroStrategy's shares. Similarly,
South Korean Pension Fund invested a significant $32.5M into the US firm, which continues to acquire more Bitcoin. Defiance has launched
MSTX, a leveraged ETF to amplify MicroStrategy gains, becoming the first leveraged ETF of its kind for sophisticated Bitcoin investors. However, it's important to note, MicroStrategy's Bitcoin holdings might not be as large as initially assumed, as revealed in the
Q2 earnings preview. The
SEC approved Defiance's MSTX, and the first-ever leveraged ETF with a daily exposure of 1.75x. Noteworthy is the investment from the central banks of
Norway and Switzerland disclosing large MicroStrategy holdings. The company's reported Bitcoin stash now stands at about $14.7B. MicroStrategy is also reported to be planning more convertible-debt sales so it can buy more Bitcoin.
Microstrategy News Analytics from Wed, 01 May 2024 07:00:00 GMT to Sun, 18 Aug 2024 18:09:48 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor 5
