Belgium-based KBC Group expanded its indirect Bitcoin exposure. The firm purchased an additional 39,826 shares of MicroStrategy. This acquisition cost approximately $5.9 million. MicroStrategy now operates as Strategy Inc.
The purchase increases KBC's substantial holdings in the company. MicroStrategy holds large Bitcoin reserves.
This move highlights continued institutional interest in MicroStrategy. The company serves as a regulated investment vehicle for Bitcoin.
Separately, investment firm Pinnacle Associates Ltd. also increased its position in MicroStrategy. The firm boosted its holdings by 47.5% during the third quarter.