Norges Bank And Swiss National Bank Reveals Exposure to MicroStrategy

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Norwegian sovereign wealth fund, Norges Bank Investment Management, which is also known as Norway’s Government Pension Fund Global, has consistently allocated a significant amount to MicroStrategy shares. The Central Bank of Switzerland also followed the same path. 

According to their recent individual 13-F filings, both financial institutions hold a sizable portion of the thriving share.

Institutional Investors Seek Thriving Investment Opportunities 

Norges Bank revealed that it holds 1.123 million MSTR shares, while the Swiss National Bank has 466,000 MSTR in its account. The June 30 filing for Q2 showed that the Swiss bank increased its exposure to MSTR compared to the previous quarter. Similarly, South Korea’s public pension fund and Mitsui Suitomo, a major Japanese insurance company, also own MSTR.

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The filings from these firms underscore the global recognition of MSTR’s meteoric rise following MicroStrategy’s adoption of a Bitcoin strategy. Compared to quite many other shares, the shares of the business intelligence firm have gained more value over time. 

MSTR Outperforms S&P 500 Shares 

In a recent report, it turned out that MSTR outperformed 499 out of the 500 shares on the S&P 500. In the course of four years, MSTR has grown by 995% surpassing Nvidia, Targa Resources, Arista Network, Eli Lilly and many others. Super Micro stock led all stocks including MSTR at a performance level of 1584%.

Meanwhile, the Michael Saylor-led firm is still actively accumulating Bitcoin with no plans to shed off any portion of the holding. Two weeks ago, the crypto market saw a huge crash that sent the BTC price below $50,000. While many perceived the market shift as an opportunity to empty their stash, MicroStrategy decided to go all in, holding on to its BTC holdings. 

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MicroStrategy Stick to Bitcoin Accumulation Strategy 

In the second quarter of 2024, MicroStrategy experienced huge losses but this did not stop the firm from acquiring more Bitcoin. During this time, the business intelligence firm made a total purchase of 12,222 BTC, bringing its entire holding to 226,500 BTC. It cost around $805 million to make the purchase in Q2.

The Bitcoin accumulation strategy has earned the company a large profit margin and the result is becoming enticing to other firms. 

A few days ago, Marathon Digital Holdings (MARA), a leading Bitcoin mining giant revealed its intention to offer $250 million in unsecured convertible senior notes, which are due on September 1, 2031. The fund is intended for general corporate purposes, and acquiring additional Bitcoin.

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