FlowBank

1201 days ago • Posted by Charles-Henry Monchau

Are we going to see firms following the steps of Microstrategy (MSTR) to become Bitcoin investment pools? If so, expect higher BTC prices down the road
Morgan Stanley now owns 10.9% of  MicroStrategy, a company best known for holding over $2 billion in bitcoin. A few months ago, Microstrategy (MSTR) decided to gradually "pivot" away from its legacy business model (BI software) to become what is essentially a publicly-traded bitcoin investment pool. The company has become a defacto bitcoin proxy (cash flow positive at that) for all those investment managers who are limited in their exposure to bitcoin. If other firms decide to follow the steps of Microstrategy and transform their business into Bitcoin investment pools, we might see Bitcoin trading much higher - source: www.zerohedge.com, SEC filings.
Microstrategy (MSTR) holdings by Morgan Stanley
bg_newsletter