State Street raises Strategy stake 6% to $1.22 billion in Bitcoin proxy bet
AI summary
State Street raised its stake in Strategy, the Bitcoin proxy formerly known as MicroStrategy, by 6% to $1.22 billion. The move signals continued institutional appetite for equity exposure tied to Bitcoin. Traders watch large custody and asset-manager positions as a gauge of durable institutional demand for crypto-linked stocks.
Narrative history
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3H AGOYou’re reading thisState Street raises Strategy stake 6% to $1.22 billion in Bitcoin proxy betCrypto Briefing · Score 65
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21 OCT · 10:25Crypto Briefing · Score 45 · via Strategy stake, Bitcoin proxy
