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National Bank of Canada Buys $273 Million in MicroStrategy Shares

National Bank of Canada Buys $273 Million in MicroStrategy Shares

Canada’s National Bank, managing $398B in assets, increased its Bitcoin-linked investments by acquiring 1.47M MicroStrategy shares valued at $273M, according to BitcoinTreasuries data.

BTC

Summary

Canada’s National Bank has purchased 1.47 million shares of MicroStrategy worth about $273 million, expanding its indirect exposure to Bitcoin through MicroStrategy’s substantial cryptocurrency holdings. The institution, managing $398 billion in assets, made the acquisition according to BitcoinTreasuries, reinforcing its participation in Bitcoin-related investments.

Terms & Concepts
  • MicroStrategy: A publicly traded business intelligence firm known for holding large amounts of Bitcoin as part of its corporate treasury.
  • BitcoinTreasuries: A resource tracking corporate and institutional Bitcoin holdings and related investments.