By Lucas Williams
As per the latest report, a company has reportedly acquired a stake in MicroStrategy, a major business intelligence company. The name of the firm that has acquired the stake is Capital International Group. It is one of the largest asset managers in the entire world, which is based in Los Angeles, USA.
The Capital International Group has reportedly acquired a 12.2% stake in MicroStrategy. Capital International Group is currently known for managing $2.3 trillion worth of assets for major institutional firms and investment firms.
Following the acquisition of a 12.2% stake in MicroStrategy, Capital International Group has become one of the largest stakeholders at MicroStrategy. With the investment that Capita International Group has made, it is now one of the largest investors that have invested indirectly in Bitcoin (BTC).
As usual, the information has been made public by the Securities and Exchange Commission (SEC) of the United States. The Securities and Exchange Commission has confirmed that the particular asset manager has revealed the information in its filing for the second quarter of 2021.
This means that the firm had not made any investment or acquired a stake in MicroStrategy, till the end of March 31, 2021. The company has reportedly gone for the purchase of the stake in MicroStrategy in the second quarter of 2021.
In the filing, the Capital International Group has confirmed that it currently owns 953,242 stocks for MicroStrategy. At the time of writing, the particular number translates to $560 million. Apart from the Capital International Group, the firm with the most amount exposure to the stocks at MicroStrategy is BlackRock.
It was also confirmed in the filing that all together, MicroStrategy has issued a total of 7,782,568 shares that are currently in rotation.
Throughout the financial industry, the Capital International Group has is jurisdictions and clients benefitting from its platform. The platform is known for dedicating services for pension trustees, wealth managers, family officers, and so much more.
So far, the Capital International Group has made no comment or has shared no information in regards to its adoption of cryptocurrencies. However, the recent action taken by the Capital International Group has made clear exactly what the asset management firm is aiming to do.
The firm has demonstrated its interest in the adoption of cryptocurrencies. The firm has shown that it is now dedicated to investing a large amount of money in the crypto sector. The firm is also exploring more endeavors within the cryptocurrency industry for more exposure.
MicroStrategy has turned out to be the most reliable and trustworthy source of investment for mainstream institutions indirectly wanting a piece out of Bitcoin investments. MicroStrategy officials are glad that they have been able to deliver what they had aimed to deliver to the mainstream institutions.