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Central Banks of Norway and Switzerland Disclose Massive MicroStrategy (MSTR) Holdings

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Wed, 14/08/2024 - 15:12
Central Banks of Norway and Switzerland Disclose Massive MicroStrategy (MSTR) Holdings
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The central banks of Norway and Switzerland have disclosed substantial holdings of MicroStrategy (MSTR) in their 13-F filings. 

Norges Bank, which is responsible for managing the Government Pension Fund of Norway, holds 1.123 million MSTR shares. The Swiss National Bank holds 466,000 MSTR shares, which represents a 60% increase compared to the previous quarter. 

The shares of the Virginia-based business intelligence firm, which is primarily known as the largest corporate holder of Bitcoin, are also owned by South Korea's public pension fund and Mitsui Suitomo, a major Japanese insurance company.  

The shares of MicroStrategy are currently trading at $131.21 after declining 3.5% over the past 24 hours. The company's market cap currently stands at $25 billion. 

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MicroStrategy co-founder Michael Saylor recently revealed that the company had outperformed virtually all stocks in the S&P 500 index since adopting its audacious Bitcoin strategy. The company currently holds 226,500 Bitcoins. For comparison, Marathon Digital Holdings, the second-largest corporate owner of the leading cryptocurrency, holds "only" 20,818 BTC.  

The stock now acts as a leveraged Bitcoin play with no fees. This sets it apart from various Bitcoin exchange-traded funds that were launched earlier this year.  

During a recent CNBC appearance, Saylor stressed that his company would keep acquiring more Bitcoin via various means in order to increase shareholder value.  

In other news, Goldman Sachs recently disclosed that it held roughly $419 million worth of Bitcoin ETF shares in its recent 13-F filing. 

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