Capital International purchased $600M in MicroStrategy stock

MicroStrategy’s stock price rose by more than 1.5% to reach $628.44 at the time of publication, making Capital International’s shares worth roughly $600 million.

Capital International, a $400 million financial services company, invested more than half a billion dollars into business intelligence firm MicroStrategy.

In MicroStrategy’s filings to the U.S. Securities and Exchange Commission for the second quarter of 2021, the firm disclosed Capital International Investors has purchased 953,242 shares of its stock. Following the release of the SEC filing, MicroStrategy’s stock price rose by more than 1.5% to reach $628.44 at the time of publication, making Capital International’s shares worth roughly $600 million.

Capital International’s Q1 2021 filing with the SEC shows the firm did not own any shares of MicroStrategy as of March 21.

Related: MicroStrategy expands company’s Bitcoin holdings with $489M purchase

MicroStrategy, the company which first announced last year it would be purchasing more than $250 million in Bitcoin (BTC), has gone on to acquire 92,079 BTC, more than $3 billion at the time of publication. The price of the crypto has risen more than 2% in the last 24 hours to reach $33,438.

This story is developing and will be updated.

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