Amundi Boosts Strategy (MSTR) Stake 44% to $291 Million as Shares Slide
By Micah Zimmerman
AI summary of the source article
Amundi increased its stake in Strategy (MSTR) by approximately 44% in the third quarter to 1,903,725 shares worth $291.4 million as of September 30. Concurrently, Strategy purchased an additional 1,036 bitcoin for $81.9 million.
Why it matters
The timing matters because Strategy funds most of its bitcoin buys by selling new MSTR common under an at-the-market program, where a weaker share price raises more dilution for every coin purchased.
Key facts
- Amundi raised its MSTR holdings by 579,672 shares to 1,903,725 shares valued at $291.4 million as of September 30.
- Strategy acquired 1,036 bitcoin for $81.9 million, bringing its total treasury to 850,364 BTC.
- Barclays increased its stake in BlackRock's iShares Bitcoin Trust by 48% to 3,942,900 shares valued at $186.7 million at quarter-end.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Amundi Boosts Strategy (MSTR) Stake 44% to $291 Million as Shares Slide Europe's largest asset manager raised its Strategy holding to 1.9 million shares in the third quarter, a 13F shows, even as MSTR has since fallen about 18% from quarter-end. This post Amundi Boosts Strategy (MSTR) Stake 44% to $291 Million as Shares Slide first appeared on Bitcoin Magazine and is written by Mi…