Technical Analysis

Capital International Purchases About one Million Shares of Bitcoin-Centered Microstrategy

Major asset management firm Capital International has gained exposure to bitcoin through finance in nearly one million shares of Microstrategy that currently holds over 100K bitcoins.

  • Capital International Investors (CII) informed the SEC during a filing dated July 12 that it purchased shares of Microstrategy’s Class A Common stock (MSTR). The filing states:

“CII is deemed to be the useful owner of 953,242 shares or 12.2% of the 7,782,568 shares believed to be outstanding.”

  • Capital International may be a division of Capital group, a world investment management firm established in Los Angeles, California, in 1931. The firm ranks among the world’s oldest and largest investment management organizations, with over $2.2 trillion in assets below management as of Dec. 31, 2020.
  • Microstrategy has been owning bitcoin as its key strategy. On June 21, corporate executive Michael Saylor declared that his company’s bitcoin holdings had reached 105,085 BTC non inheritable for approximately $2.741 billion at an average price of roughly $26,080 per bitcoin.
  • At the time of writing, Microstrategy’s bitcoins are priced over $3.62 billion.