FUD continues to bypass BTC; JP Morgan recently stated that institutions “have no desire to buy a dip” and expect a “bear move”. Nevertheless, it was revealed that the investment company Capital International worth $ 400 billion bought shares of Microstrategy for $ 600 million, which means that they now own 953,242 shares, or 12.2% of the 7,782,568 shares.
Investment company Capital International has acquired exposure to BTC
Microstrategy, which is essentially a proxy investment to acquire exposure to BTC, owns 111,000 BTC and the giant investment company has just bought 12% of Microstrategy’s shares, contrary to what JP Morgan said.
Microstrategy CEO Michael Saylor is by far the largest BTC bull in the world, and Capital Investments is aware of this, and is also aware that Microstrategy is almost guaranteed to continue to buy BTC for hundreds of millions of dollars.
Capital International is home to the Capital Group, one of the world’s oldest and largest investment management organizations, founded in 1931. These companies are usually very hesitant about digital assets. The company has more than $ 2 trillion in assets under management, equaling giants like Fidelity Investments. Capital is now the second largest shareholder in Microstrategy. According to the submission, it appears that they bought the shares sometime after March 31, because they did not own any shares in the company before that date.
This investment only proves that despite the death cross, the Chinese FUD and the megabank FUD, the overview for BTC are always bullish in the long run. Because on the one hand, JP Morgan said that “there is no appetite for shopping,” but recently they also said that BTC will cost $ 140,000. Their remark was about “medium-term” prices.
Capital group owns 450 partners; It is difficult to find any information about these partners, but it is almost guaranteed to be one of the largest banking institutions in the world – given how many assets the Capital Group owns. According to a survey and filing with the SEC, this huge investment in Microstrategy is one of Capital International’s largest equity holdings in terms of total shares held.
There is little more investment in BTC than this – it’s almost as if Blackrock or Amazon have bought 12% of Microstrategy. It’s hard to imagine that a bigger whale than the Capital Group will come now. It can be said that with this investment, one of the largest BTC whales came into play indirectly.