Amundi lifts Strategy stake 44% to $291 million despite MSTR slide
AI summary
Amundi, Europe's largest asset manager, increased its stake in Strategy (MSTR) by 44% to $291 million, holding 1.9 million shares as of the third quarter, per a 13F filing. The disclosure comes as MSTR has fallen about 18% from quarter-end, meaning the position is now underwater. Traders watch MSTR as a leveraged proxy for bitcoin exposure, so a major institutional buyer adding despite the drawdown signals continued appetite for that trade.
