MicroStrategy: Major US Entities Bet on Bitcoin Investment Strategy

• MicroStrategy is a publicly traded company that has been investing in Bitcoin since 2018, and now holds 140,000 BTC worth $3.9 Billion.
• U.S based companies such as Bank of America, BlackRock and Fidelity have invested in MicroStrategy as a way to get exposure to Bitcoin without SEC restrictions.
• The price of MicroStrategy’s shares is tied to the value of Bitcoin, resulting in an upward trend since its 2020 low of $110 following its BTC treasury strategy.

MicroStrategy: A Publicly Traded Company Investing in Bitcoin

MicroStrategy is a publicly traded software company that has been receiving attention from major players in the financial world due to its investment in Bitcoin (BTC). Almost three years ago, this company became one of the first publicly traded entities in the U.S. to integrate BTC into its financial strategy, and it keeps adding BTC to its treasury reserves.

U.S Entities Betting on MicroStrategy’s Bitcoin Investment Strategy

According to data from Bitcoin Treasuries, MicroStrategy holds the largest amount of BTC for any publicly traded company with 140,000 coins worth $3.9 billion – representing 0.66% of the entire Bitcoin supply available globally. This has made it a popular proxy used by companies in the U.S., like Bank of America which bought over 226,506 shares; fund and asset managers BlackRock and Fidelity which purchased 10,800 and 96,800 shares respectively; Capital Research which bought 154,100 shares; and The Vanguard Group which bought 28,000 shares during Q1 2023 alone.

Impact on Share Price

The capital injection received by MicroStrategy has had an impact on its stock price; since it is tied to the price of Bitcoin it has seen a downtrend over the past year but continues to trend well above its 2020 low at around $110 thanks to its BTC treasury strategy .

Correlation Between MicroStrategy Stock & Crypto Prices

The correlation between MicroStratey’s stock prices & crypto prices could benefit investors if they can keep climbing from their yearly lows together; as shown on MSTRUSD tradingview chart below where we see an upward trend following its bitcoin treasuy strategy daily chart .

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