Indirect investment in Bitcoin! Capital Group, the world's largest asset management firm, becomes the second largest shareholder of MicroStrategy.
The Capital International Investors, a subsidiary of Capital Group, one of the world's oldest and largest investment management firms with assets under management exceeding 2 trillion, has purchased a 12.2% stake in MicroStrategy.
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The investment management institutional Capital Group, which is the oldest and largest in the world with assets under management exceeding $2 trillion, through its subsidiary Capital International Investors, has acquired a 12.2% stake in MicroStrategy.
According to the document filed with the U.S. Securities and Exchange Commission, Capital International Investors, a subsidiary of Capital Group based in Los Angeles, purchased 12.2% of MicroStrategy last month, holding 953,242 shares.
Based on yesterday's closing price of MicroStrategy, the 953,242 shares acquired by Capital Group are valued at $561 million. MicroStrategy closed down 6.36% yesterday at $588.69.
Currently, the largest shareholder of MicroStrategy is the sovereign wealth fund BlackRock, with a 14.56% stake, and Capital Group is the second largest shareholder.
Capital Group manages assets worth $2.2 trillion, and this investment signifies the world's largest investment institution indirectly investing in Bitcoin.
This article is authorized to be republished from Horizon News Network
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