Amundi, Europe’s largest asset manager, increased its stake in Strategy to 1,903,725 shares worth $291.4 million as of September 30. The Paris-based firm, which managed €2.579 trillion in assets at the end of September, added 579,672 shares, according to a Form 13F filed on November 6. After closing at $153.09 on September 30, the stock fell to around $126, reducing the value of the disclosed position to approximately $239 million. Meanwhile, Strategy bought 1,036 bitcoin for $81.9 million, taking its holdings to 850,364 BTC acquired at an average cost of $75,456, above bitcoin’s spot price. The company funds these purchases partly by issuing new shares, creating greater dilution whenever MSTR’s share price declines.
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