Capital International Group, a $2.3 trillion asset manager based in LA with ties to BlackRock and the SEC just disclosed their 12.2% stake of bitcoin-focused MicroStrategy, according to recent filings on the Securities Exchange Commission website; making them not only one of its biggest shareholders but also part owners as well!
MicroStrategy CEO, Michael Saylor has been lauded as an authority in Bitcoin circles. He was elevated by his company’s increasing $2.7 billion holdings of the cryptocurrency, with over 105,000 tokens to date; this is a result from Microstrategy running analytics and data-based platforms for companies across the world.
MicroStrategy has been adamant in its stance on bitcoin, declaring it the company’s “primary” treasury reserve asset. For those unfamiliar with what this means, essentially MicroStrategy is using bitcoins for day-to-day cash management rather than funds that are traditionally used such as dollars or yen.
Some investors are turning to companies like MicroStrategy as a more convenient alternative than investing in bitcoin directly, especially considering the absence of an ETF for Bitcoin. Funds such as VanEck’s Digital Transformation seek to replicate Bitcoin performance by holding equity shares from Square, Coinbase and other top cryptocurrency-related stocks including MicroStrategy.
MicroStrategy: MicroStrategy is a company that provides Business Intelligence and Data Analytics services. Users can manage data to generate meaningful insights through its secure cloud-based platforms, therefore it’s unsurprising that the majority of their customers come from the financial industry. The company has seen exponential growth as it capitalized on the growing popularity of big data analytics, and has been named as one of Forbes’ “100 Best Small Companies in America.”
The company was founded by Michael Saylor back in 1988. He is also the company’s Chairman and CEO; serving as a Director along with Mrs. Susan A. Saylor. MicroStrategy currently employs over 1,100 people and has its headquarters in Virginia, with additional offices across the globe.
Capital International Group: Capital International Group (CIGI) was founded in 1983 and is based in Los Angeles. The company provides investment management, advisory services, and other innovative solutions for its clients. Some of the most prominent names on their client list include BlackRock, Allianz Global Investors Asia Limited, Santander Asset Management, Wealth-X and many more.
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