National Bank of Canada Sells $128 Million in MicroStrategy Shares

National Bank of Canada reduced its MicroStrategy holdings by over 1 million shares, now valued at approximately $123 million, as revealed by BitcoinTreasuries.NET.

BTC

Summary

The National Bank of Canada sold 1.04 million shares in MicroStrategy, worth $128 million, and now holds 1 million shares valued at $123 million. This adjustment reflects the bank’s evolving exposure to Bitcoin-linked assets amid changing institutional strategies.

Terms & Concepts
  • MicroStrategy (MSTR): A U.S. business intelligence firm widely recognized for holding large amounts of Bitcoin as part of its corporate treasury strategy.
  • BitcoinTreasuries.NET: An independent website tracking corporate and institutional Bitcoin holdings around the world.
  • Institutional Bitcoin Exposure: The investment exposure that financial institutions or corporations have to Bitcoin, either directly through holdings or indirectly via firms like MicroStrategy.