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US Financial Giant Capital Group Buys 12% Stake in Bitcoin-Exposed MicroStrategy

The purchase provides the firm with indirect exposure to MicroStrategy's more than 105,000 bitcoin reserves.

Jul 13, 2021 at 2:00 a.m. UTC
Updated Sep 14, 2021 at 1:24 p.m. UTC

Capital International Investors, a unit of Los Angeles-based investment firm Capital Group, has purchased a 12.2% stake in MicroStrategy (MSTR), a business-intelligence company that has invested heavily in bitcoin.

  • According to a filing with the U.S. Securities and Exchange Commission on June 30, Capital International bought 953,242 shares.
  • While the filing was made two weeks ago, Walter Burkley, a senior vice president and senior counsel at Capital Group, only signed off on Monday, according to the document.
  • CII is a private equity firm that is part of Capital Group, an asset manager with $7.6 billion in annual revenue and $2.3 trillion in assets under its management.
  • The purchase by CII provides the firm with indirect exposure to MicroStrategy's more than 105,000 bitcoin reserves.
  • According to data from the Nasdaq exchange, MicroStrategy's share price is down 6.3% over a 24-hour period at a closing price of $588 and is down roughly 55% from its peak of $1,315 on Feb. 9.

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