Morgan Stanley now holds 10% stake in Michael Saylor's MicroStrategy
Cointelegraph
Published Jan 08, 2021 05:48PM ET
Updated Jan 09, 2021 07:40PM ET
Per a filing with the Securities and Exchange Commission released on Jan. 8, investment bank Morgan Stanley (NYSE:MS) had acquired 792,627 shares in business intelligence firm MicroStrategy. The investment represents a 10.9% stake in a firm that has made massive investments in Bitcoin over the past several months.
The purchase apparently happened on Dec. 31. MicroStrategy has had a colossal month, seeing its shares move from $289 on Dec. 8 to $545 as of Jan. 8.
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Written By: Cointelegraph
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