A major business intelligence company with the name of Capital International Group (CIG), as per the latest reports received has reportedly acquired a stake in MicroStrategy. This company is based in Los Angeles, USA, and is considered to be one of the largest asset managers in the entire world.
A 12.2% stake in MicroStrategy has reportedly been acquired by the Capital International Group. The assets for major institutional and investment firms, the Capital International Group is currently known for managing worth of $2.3 trillion.
The Capital International Group has become one of the largest stakeholders at MicroStrategy after the acquisition of a 12.2% stake in MicroStrategy. Now it has become one of the largest investors that have invested indirectly in Bitcoin (BTC) after the acquisition of a 12.2% stake in MicroStrategy.
The Securities and Exchange Commission (SEC) of the United States, as usual, has made this information public. It has been revealed by the particular asset manager after filing for the second quarter of 2021, the Securities and Exchange Commission has confirmed.
It indicates that up till the end of March 31, 2021, there was no investment made or any stake in MicroStrategy acquired by the firm. Reportedly in the second quarter of 2021, the company went for the purchase of the stake in MicroStrategy.
The Capital International Group currently owns 953,242 stocks for MicroStrategy, which is confirmed in the filing of the company. The particular number translates to $560 million at the time of writing. BlackRock is another firm having the most amount of exposure to the stocks at MicroStrategy apart from Capital International Group.
The MicroStrategy in the filing has confirmed the issuance of a total of 7,782,568 shares by it that are currently in rotation altogether.
The Capital International Group has jurisdiction and clients benefitting from its platform throughout the financial industry. Dedication of services for pension trustees, wealth managers, family officers, and much more, this platform is well known for all these.
In regards to the adoption of cryptocurrencies by the Capital International Group, no comments have been made or any information shared by it so far. What exactly the asset management firm is aiming to do, has been made clear by the firm in its recent action taken it.
The interest in the adoption of cryptocurrencies has been demonstrated by the CIG. Investment of a large amount of money in the crypto sector, the company is now dedicated to doing that. For more exposure, more endeavors are also being explored within the cryptocurrency industry.
For the mainstream institutions wanting piece indirectly out of Bitcoin investments, MicroStrategy has turned out to be the most reliable and trustworthy source of investment. What they had aimed to deliver to the mainstream institutions, officials of MicroStrategy are glad they have been able to achieve.