The Royal Bank of Canada purchased $4 million worth of Strategy shares, bringing its total position to 385,002 shares worth approximately $37.2 million, representing a 14% increase from its previous holding. Earlier this year, the institution had already shown a stunning 685% surge in its holdings during a single quarter. This progressive accumulation makes the Canadian bank the largest among traditional banking peers using Strategy as a Bitcoin proxy at this scale. The value of the shares has fluctuated significantly due to stock and Bitcoin price volatility.
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