Bank of America and Fidelity, two of the largest investors in the world, have continued showing high levels of institutional interest in indirect bitcoin exposure as of first quarter. Recent reports show both companies having a significant number of MicroStrategy shares on their balance sheets.

MicroStrategy (MSTR) has been known as the closest trading proxy for bitcoin since the business intelligence company began holding crypto as part of its portfolio. Since early January when the crypto market began to rebound from last year's lows, traders have been taking advantage of the stock for indirect bitcoin exposure.

Youwei Yang, chief economist at Bit Mining, stated that MicroStrategy continues to be known as the “top choice” for obtaining this kind of exposure through public and regulated markets.

Michael Saylor, the founder of MicroStrategy, hasn't been deterred by an SEC complaint against him or his company posting a net loss of $250 million in the fourth quarter. He hasn't changed his commitment of growing the company's bitcoin holdings either.

The company's recent decisions have definitely caught attention in the industry, with crypto hedge funds, family offices and other investors monitoring the market role of the indirect bitcoin exposure. Numerous traders have even congratulated Saylor and MicroStrategy for accumulating 140,000 bitcoins in less than three years.

Overall, the company has demonstrated a high level of conviction towards increasing its bitcoin holdings, making it a trusted option for those seeking indirect exposure. As the crypto market becomes more favorable and less volatile, MicroStrategy's long-term strategy will become more visible and valuable for future investors.



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