CPP Fund Buys MSTR as Strategy Adds 8,178 BTC

Canada’s biggest pension fund has moved into MicroStrategy just as Strategy adds more Bitcoin to its already massive stash. At the same time, a fresh weekly rebound on the chart hints that the stock’s slide may be starting to lose momentum. Canada CPP Fund Reveals New MicroStrategy Stake Canada’s largest pension manager has disclosed a new position in MicroStrategy, adding one of the biggest institutional entries into the Bitcoin-linked stock this quarter. The Canada Pension Plan Investment Board reported holding 393, 322 shares in its latest Form 13F filing with the U. S. Securities and Exchange Commission. The stake reflects the fund’s first recorded position in the company. The filing shows CPPIB’s shares were valued at about $127 million at the end of the third quarter. However, the position is worth roughly $80 million at recent market prices, as MicroStrategy moved lower along with the broader crypto-equity sector. The 13F report does not confirm when the shares were purchased, only that they were held as of the quarter’s close. Canada CPP Pension Fund MSTR Disclosure. MicroStrategy, which now operates as Strategy, remains the largest corporate Bitcoin holder and a key proxy for institutional BTC sentiment. Strategy Adds 8, 178 BTC as Holdings Rise to 649, 870 BTC Meanwhile, Strategy expanded its Bitcoin position after purchasing 8, 178 BTC for about $835. 6 million, according to the company’s latest disclosure. The buy took place at an average price of roughly $102,171 per coin, marking one of the firm’s larger accumulations this quarter. Strategy SEC Form 8K Filing. com The company also reported a 27. 8% BTC yield year-to-date, reflecting returns generated through its multi-layered Bitcoin-backed financing and yield programs. These results highlight how Strategy continues to use capital markets to increase its treasury without selling equity or reducing its BTC base. Strategy now holds 649, 870 BTC acquired for approximately $48. 37 billion at an average cost of $74,433 per coin. The firm disclosed the update through its press portal as it continues positioning itself as the largest corporate holder of Bitcoin and a leading issuer of BTC-backed securities. MicroStrategy Posts Strong Weekly Rebound as Traders Flag Possible Trend Shift MicroStrategy closed the week with a sharp green candle, giving traders their first technical sign that selling pressure may be easing. The move came after the stock bounced off a multi-month support area near the $200 line, where buyers stepped in following several weeks of declines. The weekly close marked one of the strongest upward moves since early autumn. MicroStrategy Weekly Rebound Candle. Price pushed higher from the base of a broad symmetrical structure while holding above major moving averages, including the 200-week line. This rebound placed the stock back inside its Bollinger Bands after briefly testing the lower band during the previous week’s pullback. Analysts view the candle as an early signal rather than a confirmed reversal. However, the weekly structure highlights improving momentum as MicroStrategy begins to stabilize around its long-term demand zone. If the stock continues to build strength above recent lows, traders say the pattern could evolve into a broader recovery phase after months of compression.
https://bitcoinethereumnews.com/bitcoin/cpp-fund-buys-mstr-as-strategy-adds-8178-btc/

Leave a Reply

Your email address will not be published. Required fields are marked *