Royal Bank of Canada raises Strategy stake 14% to 385,002 shares

Royal Bank of Canada increased its holding in Strategy to 385,002 shares, adding 46,001 MSTR shares worth about $4.45 million and lifting the position to roughly $37.2 million. The increase amounts to about 13.5% from its prior stake, according to BitcoinTreasuries.net data cited in the report. Strategy, formerly known as MicroStrategy, is widely known for using Bitcoin as a corporate treasury strategy, and its stock is often used by investors seeking indirect exposure to Bitcoin through public markets. The disclosure has drawn attention to how traditional banks may be positioning in Bitcoin-related assets via listed equities.

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Royal Bank of Canada raises Strategy stake 14% to 385,002 shares - CoinPost Terminal