$400B Fund Manager Becomes 2nd Largest MicroStrategy Shareholder with 12.2% Stake


With $400 billion in assets under management, Capital International has bought a $600 million stake in publicly traded business intelligence company MicroStrategy, which is heavily involved in Bitcoin.

With 953,242 shares, Capital International has now become MicroStrategy's second-largest shareholder.

According to Capital International's latest 13F filing with the Securities and Exchange Commission (SEC), the company didn’t own any MicroStrategy shares as of March 31.

The fund manager now owns 12.2% of MicroStrategy, which is currently holding 105,085 Bitcoin and is planning to buy even more BTC by selling $1 billion of its shares.

Thanks to this large stake by Capital International, which the filing describes as a division of Capital Research and Management, MSTR’s share price is trading at $628.66, up from May’s low of just about $410.

The price of MSTR shares is still down more than 52% from early February all-time high of just above $1,314 but still up over 436% from a year back, before MicroStrategy CEO Michael Saylor announced his plans to buy Bitcoin in early August 2020.

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