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Norway's sovereign wealth fund ($1.71 trillion AuM), Swiss & Norway’s central banks invest in ‘Bitcoin’ 💥
What’s happening:
Central banks have revealed significant holdings in MicroStrategy:
🎰 Norges Bank: 1.123M shares = 0.45% = $154M
🎰 Swiss National Bank increasing its stake by 60% to 466,000 shares = 0.24% = $63M
🎰 Norway's sovereign wealth fund: $217M, 3x its stake over the past year, with a 0.89% ownership ($304M).
Why Microstrategy?
That’s not Bitcoin, right?
Wait: ☝️
Microstrategy is the company of Michael Saylor …
… a US business man an prominent Bitcoin evangelist.
In Aug 2020, he started a risky strategy:
Buy Bitcoin with Microstrategy’s treasury reserves.
You bet:
By now, Microstrategy holds 226,500 BTC valued at $13.8B,
That’s HALF of its $26.3B market cap.🤯
Here’s where it gets interesting:
As the company is publicly traded, it essentially turned into a “Bitcoin index”. 1 reply
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