16.2 C
October 4, 2022
Image default

Morgan Stanley bought 10 percent. MicroStrategy shares –

It seems that MicroStrategy’s decision to invest in Bitcoin is paying off. Now we learn that Morgan Stanley has as much as 10 percent. shares in MicroStrategy.

Morgan Stanley invests in MicroStrategy

According to a notice filed at the headquarters of the US Securities and Exchange Commission (SEC) on January 8, investment bank Morgan Stanley acquired 792,627 shares of Business Intelligence MicroStrategy. This investment is 10.9 percent. shares of a company that has made huge investments in the Bitcoin market in the last few months.

The purchase apparently took place on December 31st. MicroStrategy also had a great month when its stock rose from $ 289 on December 8 to $ 545 on January 8.

We buy BTC!

In August, MicroStrategy took bold steps towards entering the cryptocurrency market, making Bitcoin its main reserve asset. At that time, CEO Michael Saylor said of the company’s decision:

“This is not speculation or hedging. This is a deliberate corporate strategy to adopt the Bitcoin standard. “

Just a few weeks ago, MicroStrategy also announced that it was organizing a $ 400 million securities offer to raise funds to buy even more Bitcoins. As of December 21, the company has amassed 70,470 Bitcoins. Today, MicroStrategy’s cryptocurrency assets are worth approximately $ 2.8 billion.

Institutional investors such as the Morgan Stanley bank are increasingly choosing to purchase cryptocurrency assets. The turning point was, as it seems to us today, the last year. Many attribute the recent Bitcoin boom to this increase in the number of institutions that buy BTC. This distinguishes the current boom from the one in 2017, when the market was definitely dominated by retail investors (the so-called street), which of course does not exclude that this group of BTC buyers will eventually enter the cryptocurrency markets.

Current course You can always check Bitcoin and other cryptocurrencies in the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . A place where you can buy BTC and more coins, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will learn how to efficiently create one: LINK.

Related posts

Crypto.com: Stake-to-Take Program, $ 10,000 CRO Win, BTC Syndicate (50% Off Cryptocurrency Purchase) |

Aparnna Hajirnis

Continued withdrawal of overseas exchanges from Japan, “Bitcoin is a property” decided in China, joined Ripple ISO standardization group | 1 week virtual currency attention news

Aparnna Hajirnis

The public Ethereum 2.0 test network is coming soon, funds can be deposited |

Aparnna Hajirnis

Leave a Comment