Swiss National Bank Buys MicroStrategy (MSTR) Shares, Boosting Institutional Crypto Optimism

The Swiss National Bank has reportedly begun purchasing shares of MicroStrategy Inc. (ticker: MSTR), a business intelligence company known for its substantial Bitcoin holdings. This move provides the Swiss central bank with indirect exposure to Bitcoin, reflecting a growing institutional interest in digital assets. Observers note that by acquiring MicroStrategy shares, the Swiss National Bank is effectively investing in Bitcoin without directly buying the cryptocurrency itself. This development has contributed to increased optimism in the cryptocurrency market, highlighting Switzerland’s strategic approach to gaining exposure to Bitcoin through equity investments. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant