Listed under the ticker MSTR, MicroStrategy equities have risen 450% so far this year, surpassing Bitcoin’s 110% gain within the same time frame
Wall Street investors like Vanguard, Morgan Stanley, and Capital International Investors have taken notice of this.
The largest corporate Bitcoin (BTC) holder in the world, MicroStrategy, has around 331,200 BTC, or $29.7 billion. This comes after the company made the biggest single-day acquisition in its history on Monday, when it paid $4.6 billion.
The number of institutional investors increased from 667 to 738, with their total holdings valued at $15.3 billion as of the end of September, according to MicroStrategy’s 13F report, a quarterly report that institutional investors must submit to the US Securities and Exchange Commission (SEC).
Benchmark analyst Mark Palmer highlighted MicroStrategy’s unique approach, stating that it differs from other options such as Spot Bitcoin ETFs in that it uses leverage acquired through regular access to the U.S. Capital Markets to generate compounding yield from its Bitcoin holdings.
Similarly, both Vanguard Group and Capital International Investors increased their holdings of MSTR by 1000% in Q3 by purchasing approximately 16 million shares each. Additionally, Morgan Stanley boosted its investment by acquiring 8 million shares, representing a 500% increase over the prior quarter.
Building on their large purchases from the previous year, Goldman Sachs and Bank of America each purchased 696,000 and 766,000 shares. In the meantime, 5.3 million shares were purchased jointly by State Street and the international quantitative trading company Susquehanna International Group.
The current increase in investment in MSTR demonstrates growing confidence in MicroStrategy’s presence in the cryptocurrency market, even though the new investments only make up a small portion of these companies’ larger portfolios.
MSTR’s market capitalization increased by 12.96 percent to $78 billion after closing at $384 per share in the most recent trading session. Meanwhile, Nvidia’s stock dropped 1.29%, Tesla’s stock increased 5.62%, and Microsoft’s stock only increased 0.18%. Because of its strategy that focuses on Bitcoin, MicroStrategy is currently leading.