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MicroStrategy, the United States based software company, recently purchased four hundred and twenty-five million USD worth of BTC. In doing so, it significantly exposed its shareholders including Vanguard, BlackRock, and the Norwegian Government Pension Fund, to Bitcoin.
Using approximate calculations, digital asset research firm Arcane Research tried to determine the percentage of MicroStrategy shares held by each of the corporations to work out their exposure to the largest virtual currency by market cap.
One of the renowned names of traditional investment, BlackRock Fund Advisors possesses over fifteen percent stake in MicroStrategy. This signifies that MicroStrategy’s cryptocurrency holdings expose them to the equivalent of approximately six thousand BTC (around Sixty million USD).
BlackRock’s global chief investment strategist, Richard Turnill mentioned in a note to investors in 2018 that digital assets “should only be considered by those who can stomach potentially complete losses.” He further added that the firm does not “see them becoming part of mainstream investment portfolios soon.”
In addition to that, the investment group that produces popular index tracking products, the Vanguard Group, holds around twelve percent shares in MicroStrategy. This gives them an exposure of approximately four thousand five hundred BTC (around forty-six million USD).
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