"AIMCo, formally known as the Alberta Investment Management Corporation, acquired approximately 1.38 million shares of Strategy Inc., the company formerly known as Microstrategy and traded under the ticker MSTR. The Edmonton-based manager oversees roughly CAD $194.7 billion in assets on behalf of provincial pension plans, endowments, and government accounts."
"Strategy Inc. holds 818,334 bitcoin, making it the largest corporate bitcoin holder in the world. The company has accumulated BTC since 2020 through equity offerings, preferred shares, and debt. Its stock is widely treated as a leveraged proxy for bitcoin because the value of its treasury drives most of MSTR's market performance."
"Canadian institutions have gravitated toward MSTR over direct bitcoin purchases or spot ETFs. Custody requirements, compliance frameworks, accounting standards, and fiduciary obligations make equity positions easier to manage within regulated fund structures."
AIMCo purchased 1.38 million shares of Strategy Inc. for $219 million, marking its first investment in a bitcoin-linked asset. Strategy Inc. is the largest corporate holder of bitcoin, with 818,334 BTC. Canadian institutions prefer investing in MSTR over direct bitcoin purchases due to easier management of custody requirements and compliance within regulated fund structures. This investment reflects a growing trend among Canadian institutions to engage with bitcoin through equity positions rather than direct ownership.
Read at news.bitcoin.com
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