June 15 (Cointime) - Major banks and corporations, including BlackRock, Fidelity, and Bank of America, are increasing their exposure to Bitcoin through purchases of MicroStrategy (MSTR) stocks. This serves as a proxy investment for those not interested in buying Bitcoin directly. While institutions currently hold a significant amount of Bitcoin, they are largely underwater at current prices. Only a few of the top corporate holders have benefited from their investments in Bitcoin so far.
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$10 Trillion Asset Manager and Top Banks Increasingly Betting on Bitcoin through MicroStrategy Stocks
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