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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