Boom! Morgan Stanley Acquires 800,000 shares of MicroStrategy

Michael Saylor’s Bitcoin vehicle, MicroStrategy stocks up 37% in 2021; Stanley acquires 10.9% of the total share, aims to boost stake!

  • Morgan Stanley has purchased about 800,000 shares of listed company MicroStrategy, constituting a stake of about 10%
  • MicroStrategy as been receiving enormous benefits out of its investment in Bitcoin 
  • A direct connection has been observed between the process of bitcoin and MicroStrategy since the latter’s first investment into BTC

A financial services corporation, Morgan Stanley, helps institutions, governments and individuals in advising, trading, management and distribution of capital through its affiliates and subsidiaries. Recently the US Morgan Stanley, a prominent bank of the US acquired around 8,000 shares of MicroStrategy, a listed company. 

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MicroStrategy represents a platform that facilitates business intelligence (BI), provides mobile software, and cloud-based services. The stake that Morgan Stanley will hold in the company will be 10.9%.

The historic alliance of MicroStrategy and Morgan Stanley

The American multinational investment bank had a hold of 792,627 shares in MicroStrategy by the end of December. This figure was reported following the documents submitted to the Securities and Exchange Commission (SEC). 

MicroStrategy had invested in Bitcoin by multiple times in late 2020, the business analytics and mobility platform. It previews it as a corporate asset that ensures good benefits. Moreover, its record implies that MicroStrategy remains one of the major companies that has benefited most from the appraisal in Bitcoin’s prices in the latter months.

The underlying connection between MicroStrategy and the value of Bitcoin

Bitcoin’s upgrading value has been no fresh news. Its role as a hedge against inflation is being supported and appreciated by the investors. This is creating a direct influence on its demand, a positive one indeed. The current value of Bitcoin is about 70,000 BTC. Meanwhile, the estimate being predicted is that the market worth will climb upto 2.8 billion dollars (about 300 billion yen).

In other news, the stock price of MicroStrategy has been on the rise because of the expectation that holding a stake in MicroStrategy would indirectly cause an investment effect on Bitcoin. Though the comparison is very simplistic, the chart reflects a direct correlation between Bitcoin and MicroStrategy’s prices since its first investment into Bitcoin. 

The underlying suggestion of the whole episode of investment by Morgan Stanley in MicroStrategy could be observed as a medium of indirect investment in Bitcoin. This ensures a safety net from the possible uncertainties associated with the direct ownership of Bitcoin in kind. We will have to see if the potential benefits of Bitcoin will be able to acquire a direct investment from Morgan Stanley in the near future.

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Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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