The Securities and Exchange Commission (SEC) of the United States has recently released a filing. The filing was shared by the Securities and Exchange Commission (SEC) on January 8, 2021. According to the filing, a multi-national investment bank ‘Morgan Stanley’ has acquired a huge stake in MicroStrategy.
MicroStrategy is globally known as one of the top business intelligence firms is run by Michael J. Saylor as the founder and CEO of the company. The filings show that the investment bank ‘Morgan Stanley’ has acquired 792,627 shares of MicroStrategy.
According to MicroStrategy’s staking figures, Morgan Stanley now has a significant stake in the business intelligence company. The figures show that Morgan Stanley now has a 10.9% stake in MicroStrategy. In recent years, MicroStrategy has emerged as a financial institution that has made enormous investments in cryptocurrencies.
Towards the end of Q3 and throughout Q4 of 2020, MicroStrategy has managed to remain in the spotlight. In the past year, it has made investments worth over $1.125 billion to acquire an enormous number quantity of Bitcoin (BTC). In the current times, MicroStrategy’s total Bitcoin (BTC) holdings translate into around $2.8 billion.
According to the filing, Morgan Stanley acquired the shares from MicroStrategy back on December 31, 2020. MicroStrategy has had an enormous and financially profitable year (2020) and the best investment it made back in the year was Bitcoin (BTC).
With such colossal investments and making profits in return, the company has experienced a surge in its stock price. In a matter of months, MicroStrategy’s share prices have increased from $289 to $545. The business intelligence firm experienced a surge in its stock prices in a matter of just 30 days (December 8, 2020, to January 8, 2021).
It was back in August 2020, when MicroStrategy announced that it had made Bitcoin (BTC) its primary reserve asset. At the time of making Bitcoin (BTC) its primary reserve asset, Michael J. Saylor stated the course of action that the company was going to adopt.
Saylor stated that the company has not made the decision based on a hunch but it has done it deliberately. Since then, the company has made several announcements around the acquisition of Bitcoin (BTC).
After the recent acquisition of Morgan Stanley in MicroStrategy’s shares, it has now become clear that Morgan Stanley has also warmed up when it comes to cryptocurrencies and Bitcoin (BTC).
Similar to other financial institutions that have already invested in Bitcoin (BTC) Morgan Stanley has also made it clear that it will be going for the big bucks. Since the beginning of the year 2020, Bitcoin (BTC) has proven to be bullish with respect to its price. This is the reason why the majority of financial institutions are now moving to Bitcoin (BTC).