By Tyler S - Cryptocurrency expert - 09-07-2021
The finance firm, Capital International, had over $500 million invested into the intelligence firm, MicroStrategy. Capital International investment team bought 953,242 shares of MicroStrategy stock, according to the company's filings with the SEC (Securities and Exchange Commission), for the second quarter of 2021.
After the SEC filing was released to the public, MicroStrategy's stock had a price increase by more than 1.5% which pushed the value to $628.44. The price increase to buy the stock of cryptocurrency investor, Michael Saylor’s MicroStrategy has meant that the resulting growth has Capital International's shares reach an approximate value of $600 million.
As stated in the data found in Capital International's Q1 2021 SEC filing, the results show that the firm did not own or invest in any of the business intelligence company’s shares at the end of March 2021. MicroStrategy, which declared last year that it will invest more than $250 million into buying Bitcoin (BTC) as of writing, already holds a reported of 105,085 BTC, which is worth more than $3.5 billion.
Even with reports of a significant investment into a corporation with one of the largest Bitcoin portfolios, the price of BTC appeared to not move. The price for purchasing Bitcoin investments has now increased by 2% in the previous 24 hours to $33,438 as of writing.
MicroStrategy’s stock price fell temporarily despite extending the debt offering to $500 million and purchased approximately $489 million in crypto asset management.
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Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards