Morgan Stanley’s huge new investment into MicroStrategy

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MicroStrategy’s big drive to Bitcoin is paying off, with shares rising, and Morgan Stanley’s major new investment.

Through filing with the Stock and Exchange Commission on 8 January, the investment bank Morgan Stanley had purchased 792,627 shares of the business intelligence company MicroStrategy. Investment is a 10.9 per cent stake in a company that has made huge acquisitions in Bitcoin over the last few months.

Apparently, the purchase occurred on Dec. 31. MicroStrategy had a colossal month, seeing its stock move from $289 on Dec. 8 to $545 on Jan. 8.

Source: NASDAQ

In August, MicroStrategy took bold moves to blockchain, declaring Bitcoin its main reserve currency. At the time, CEO Michael Saylor said of the company’s choice:

“This is not a speculation, nor a hedge. It is a deliberate corporate strategy to adopt the Bitcoin Standard.”

Just weeks earlier, MicroStrategy reported a $400 million sale of shares to raise funds to purchase more Bitcoin. As of Dec. 21, 70,470 Bitcoin had been deposited by the company.

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At the time of release, MicroStrategy’s BTC portfolio was worth more than $2.8 billion.

Institutional investors such as Morgan Stanley have considerably warmed up crypto assets over the last year. Many have linked Bitcoin’s latest bull run to this institutional uptick, relative to the retail FOMO that was so dismissive of BTC’s 2017 highs, which ultimately fell apart.


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