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UBS Raises Strategy Holding to 6.31 Million MSTR Shares Worth $1.12 Billion

A latest filing with the U.S. Securities and Exchange Commission (U.S. markets regulator) shows the Swiss bank added 551,121 shares valued at about $98 million.

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Summary

UBS increased its holding in Strategy shares to 6.31 million MSTR shares with a total value of about $1.12 billion, according to its latest 13F filing with the U.S. Securities and Exchange Commission (U.S. markets regulator). The filing shows the Swiss bank recently purchased 551,121 additional shares worth about $98 million. Strategy, the company formerly known as MicroStrategy and widely tracked for its Bitcoin-focused treasury strategy, is often used by investors as an equity-market proxy for Bitcoin exposure.

Terms & Concepts
  • 13F filing: A quarterly disclosure filed with the U.S. Securities and Exchange Commission that shows certain institutional investment managers’ equity holdings.
  • MSTR: The Nasdaq stock ticker for Strategy, a company known for holding large amounts of Bitcoin on its corporate balance sheet.
  • Bitcoin proxy: An asset such as a stock that investors use to gain indirect exposure to Bitcoin price movements without directly holding Bitcoin.