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Marc

@marcb

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”.
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