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AIMCo Buys MicroStrategy Stock, Riding Crypto Wave
Description
AIMCo, Canadas largest pension fund manager, has re-entered the MicroStrategy stock market, purchasing 1.38 million shares for $172 million. This move follows their previous holding of 200,000 shares from late 2019 to mid-2020, which they sold after MicroStrategys CEO, Michael Saylor, invested heavily in Bitcoin. AIMCos latest SEC filing reveals this new position, potentially setting a trend for other institutions to gain indirect Bitcoin exposure through stocks.
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