Microstrategy has become a behemoth of direct Bitcoin ownership. And now, central banks are placing their bets on their vision for the future.
What’s happening:
- Multiple central banks now have exposure to Microstrategy (NASDAQ: MSTR) stock according to new 13-F filings made with the United States Securities and Exchange Commission
Why it matters:
- Foreign countries having ownership in Microstrategy due to their large Bitcoin holdings is further validation that traditional markets and Bitcoin are continuing to overlap, which has been a growing trend since the launch of spot Bitcoin ETFs on major United States stock exchanges
By the numbers:
- Microstrategy owns more Bitcoin than any other publicly traded company in the world, with current ownership of 226,500 Bitcoins
- Norges Bank, who manages Norway’s state pension fund, owns 1.1M shares of Microstrategy
- The Swiss National Bank owns 446,000 shares of Microstrategy
Going deeper:
- Michael Saylor, the founder of Microstrategy, has been one of the most outspoken advocates for Bitcoin and has publicly stated he has more than a billion dollars of his own personal capital invested in Bitcoin, entirely outside of the holdings of Microstrategy
The intrigue:
- Recent 13-F filings made with the United States Securities and Exchange Commission also revealed that legendary Wall Street hedge fund manager Stanley Druckenmiller’s family office has purchased an ownership stake in nuclear energy powered Bitcoin mining company TeraWulf (NASDAQ: WULF)
