{"id":582727,"date":"2023-06-15T15:10:14","date_gmt":"2023-06-15T14:10:14","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=582727"},"modified":"2023-06-15T15:10:23","modified_gmt":"2023-06-15T14:10:23","slug":"us-banks-bitcoins-largest-holder-mstr","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/us-banks-bitcoins-largest-holder-mstr\/","title":{"rendered":"Biggest US Banks Place Quiet Big Bets On Bitcoin\u2019s Largest Corporate Holder MSTR"},"content":{"rendered":"\n
Summary: <\/p>\n\n\n\n
Major banks and Financial Institutions in the U.S. seem to be increasing their exposure to Bitcoin by accumulating massive positions of MicroStrategy shares, the same company that is currently the largest corporate holder of BTC with coffers worth over $3 billion at current prices.<\/p>\n\n\n\n
Three giants in particular – BlackRock, Bank of America, and Fidelity have spent a combined $200+ million buying MicroStrategy\u2019s MSTR. <\/p>\n\n\n\n
Bank of America, the 2nd largest bank in the U.S. worth over $200 billion and with over $3 trillion in assets under management (AUM), spent $59.5 million solidifying its 2.3% stake in Michael Saylor\u2019s company.<\/p>\n\n\n\n
Fidelity with its $4.5 trillion AUM portfolio splurged over $25 million securing a 1% stake in MSTR while Canada\u2019s sixth largest financial house, The National Bank of Canada spent over half a million dollars buying MicroStrategy shares this year.<\/p>\n\n\n\n
Perhaps the most eye-catching MSTR buyer with over $150 million worth of shares is the world\u2019s largest asset manager with $10 trillion in AUM – BlackRock.\u00a0BlackRock boasts a massive 6% stake in MicroStrategy. Coincidentally, or perhaps not, recent reports from CoinDesk<\/a> say that BlackRock plans to file a Bitcoin ETF.<\/p>\n\n\n\n Notably, the U.S. SEC has historically denied Bitcoin ETF applications previously submitted by companies like Grayscale. It\u2019s unclear if BlackRock might succeed where others have failed.<\/p>\n\n\n