Group One Gains 13.5% Stake in MicroStrategy, Betting on Bitcoin’s Rise11. Januar 2023
• Group One, a proprietary trading firm, has declared a 13.5% options ownership in MicroStrategy.
• MicroStrategy is the largest independent publicly-traded business intelligence company, popular for its Bitcoin holdings.
• Group One has acquired options to buy 1.3 million shares of MicroStrategy.
Group One, a proprietary trading firm, has acquired options to buy 1.3 million shares of MicroStrategy (NASDAQ: MSTR), giving it a 13.5% stake in the company. This comes as the company’s shares have been gathering some decent gains since the new year, closing up 8.57% at $190 per share.
MicroStrategy is the largest independent publicly-traded business intelligence company, popular for its Bitcoin holdings. Under the leadership of CEO and Bitcoin bull Michael Saylor, MicroStrategy made its first BTC purchase in 2020 and continues to amass digital coins, currently owning more than 132,000 coins.
Group One presents itself as a market maker in US equity opinions, providing liquidity over diverse securities. The proprietary trading firm declared its options ownership in MicroStrategy via a filing with the Securities and Exchange Commission (SEC).
This news comes at a time when Bitcoin has been showing some solid gains since the beginning of 2021, with the digital currency reaching an all-time high of $41,000 on January 8th. MicroStrategy’s stock has been following a similar trend, and this new investment from Group One could be an indication of their confidence in the company’s long-term prospects.
As the world continues to embrace digital currencies, many companies are looking to expand their hold on the market. MicroStrategy’s aggressive approach to Bitcoin has certainly paid off, as the company continues to reap the rewards of its early investment in the currency. Group One’s decision to invest in the company is a further endorsement of the firm’s trust in MicroStrategy’s future success.
It will be interesting to see how the company’s stock performs throughout 2021, and whether other investors will follow Group One’s lead and invest in MicroStrategy.