Major asset management firm Capital International has gained exposure to
Major asset management firm Capital International has gained exposure to bitcoin through finance in nearly one million shares of Microstrategy that currently holds over 100K bitcoins.
- Capital International Investors (CII) informed the SEC during a filing dated July 12 that it purchased shares of Microstrategy’s Class A Common stock (MSTR). The filing states:
“CII is deemed to be the useful owner of 953,242 shares or 12.2% of the 7,782,568 shares believed to be outstanding.”
- Capital International may be a division of Capital group, a world investment management firm established in Los Angeles, California, in 1931. The firm ranks among the world’s oldest and largest investment management organizations, with over $2.2 trillion in assets below management as of Dec. 31, 2020.
- Microstrategy has been owning bitcoin as its key strategy. On June 21, corporate executive Michael Saylor declared that his company’s bitcoin holdings had reached 105,085 BTC non inheritable for approximately $2.741 billion at an average price of roughly $26,080 per bitcoin.
- At the time of writing, Microstrategy’s bitcoins are priced over $3.62 billion.