By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024
    BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024
    2 months ago
    BEVM Unveils Groundbreaking Taproot Consensus for Decentralized Bitcoin Layer 2 Solution
    BEVM Unveils Groundbreaking Taproot Consensus for Decentralized Bitcoin Layer 2 Solution
    2 weeks ago
    Kadena Announces Partnership with Lurk Lab to Build ZK Bridge
    Kadena Announces Partnership with Lurk Lab to Build ZK Bridge
    2 months ago
    Latest News
    Roba Shatters Closed Systems: The People’s Robotics Platform Launches To Dominate $218b Industry
    37 minutes ago
    MEGACAMPUS SUMMIT 2026 TO BE HELD IN DUBAI — THE WORLD’S LARGEST LECTURE EVENT
    2 hours ago
    Aster Unveils Rocket Launch: A Gateway to Early-Stage Crypto Projects and Trading Rewards
    4 hours ago
    Phemex Upgrades Rewards Hub with $15,000 Package And Mystery Box System
    1 day ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    10 Best Crypto Volume Trackers for Accurate Market Insights
    10 Best Crypto Volume Trackers for Accurate Market Insights
    22 hours ago
    10 Best Crypto Trading Courses on YouTube
    10 Best Crypto Trading Courses on YouTube
    1 day ago
    10 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    9 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    2 days ago
    10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins
    10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins
    5 days ago
    10 Crypto APIs for Developers In 2025
    10 Crypto APIs for Developers In 2025
    2 weeks ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: The sixth-largest commercial bank in Canada bought MicroStrategy stock.
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » The sixth-largest commercial bank in Canada bought MicroStrategy stock.
Bitcoin

The sixth-largest commercial bank in Canada bought MicroStrategy stock.

How To Find Local Experiences – Travel Like a Local Anywhere
Last updated: 19/04/2024 2:09 PM
Coinworldstory
3 years ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
MicroStrategy stock
SHARE

According to a recent Securities and Exchange Commission (SEC) statement by Canada’s National Bank, during the first quarter of 2023, the bank increased its shares in MicroStrategy by 8.8%.

The number of MicroStrategy shares held by the bank as of March 31 increased to 1,768, worth $516,822. Through its acquisitions, business intelligence company MicroStrategy has established a reputation for being a large Bitcoin holder.

Traditional companies have also joined in on the effort to obtain exposure to Bitcoin through MSTR stocks, including Bank of America, Fidelity, BlackRock, The Vanguard Group, and Capital Research.

Financial behemoths including Bank of America purchased 226,506 shares of MicroStrategy during the first quarter of 2023, while Fidelity and BlackRock purchased 96,800 and 10,800 MSTR shares, respectively.

- Advertisement -

With 905,164 (9.44%) of the company’s shares, The Vanguard Group is one of the top stockholders, while Capital Research purchased 154,100 shares. Group One Trading, a proprietary trading company, also revealed that it had exercised an option to purchase 1.3 million MicroStrategy shares.

As a result of Bitcoin’s price surging beyond $30,000, MicroStrategy’s holdings have became profitable for the first time in months. Nearly 140,000 BTC were purchased by MicroStrategy for around $4.17 billion, and on April 12, as a result of the rise in Bitcoin’s price, the value of these assets increased to over $4.21 billion.

Hal Press, the creator of a cryptocurrency hedge fund, has criticised and called unsustainable MicroStrategy’s Bitcoin acquisition technique.

According to Press, “every single one of Saylor’s coins will need to be sold.” Press said that the acquisition approach for bitcoin is laughably foolish. But despite the criticism, MicroStrategy and its inventor Michael Saylor continue to promote the digital asset.

MSTR is up more than 6% today and is presently trading at $344. It has had a positive 142% performance year to date. It is becoming more and more obvious that traditional companies are buying up MicroStrategy stock in order to indirectly obtain exposure to Bitcoin.

- Advertisement -

These businesses are acquiring exposure to the leading digital asset without really holding it by making investments in MicroStrategy. Although some may find MicroStrategy’s entry into the Bitcoin market unusual, the company has so far reaped the benefits handsomely.

10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins
Michael Saylor Breaks Silence with Ominous Message as Bitcoin Stalls Near Peak
Strategy Inches Toward 620K BTC as $2.5B Stock Deal Fuels Bitcoin Buying Spree
Altcoin Market Sees Renewed Momentum Amid Bitcoin Dominance Shift
Strategy to Raise $2.47 Billion via Preferred Share Offering Amid Ongoing Bitcoin Push
Share This Article
Facebook Email Print
How To Find Local Experiences – Travel Like a Local Anywhere
ByCoinworldstory
Coinworldstory.com Provide Latest Review From, ICO,, Bitcoin, Paid To Click, Blockchain Technology, Affiliate Marketing, Mlm, Etc.Our Team Expert In This Field And Provide Latest Information To Our Users. Thanks For Visiting Coinworldstory.com
Previous Article Best ChatGPT Detector List Of 2024: Top ChatGPT Detector
Next Article Embra AI Review : How To Use & Free Guide Embra AI Review : How To Use & Free Guide
Roba Shatters Closed Systems: The People’s Robotics Platform Launches To Dominate $218b Industry
Press Releases
10 Best Crypto King: Top Influential Leaders in Cryptocurrency
10 Best Crypto King: Top Influential Leaders in Cryptocurrency
CRYPTO
MEGACAMPUS SUMMIT 2026 TO BE HELD IN DUBAI
MEGACAMPUS SUMMIT 2026 TO BE HELD IN DUBAI — THE WORLD’S LARGEST LECTURE EVENT
Press Releases
Aster Unveils Rocket Launch: A Gateway to Early-Stage Crypto Projects and Trading Rewards
Press Releases

Latest Published

Why Are Institutions Quietly Buying Up Ethereum? Novogratz Reveals a Telling Shift

Why Are Institutions Quietly Buying Up Ethereum? Novogratz Reveals a Telling Shift

3 months ago
Altcoin Surge at Risk as Bitcoin Dominance Flashes a Critical Warning Sign

Altcoin Surge at Risk as Bitcoin Dominance Flashes a Critical Warning Sign

3 months ago
From Skeptic to Believer: What Made Jim Cramer Start Stacking Bitcoin?

From Skeptic to Believer: What Made Jim Cramer Start Stacking Bitcoin?

3 months ago
Why Did SpaceX Quietly Move $150 Million in Bitcoin After Years of Inactivity

Why Did SpaceX Quietly Move $150 Million in Bitcoin After Years of Inactivity

3 months ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
coinworldstory logo coinworldstory logo
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?