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Amundi Boosts Strategy (MSTR) Stake 44% to $291 Million as Shares Slide

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Amundi Boosts Strategy (MSTR) Stake 44% to $291 Million as Shares Slide

Bitcoin Magazine

Amundi Boosts Strategy (MSTR) Stake 44% to $291 Million as Shares Slide

Amundi, Europe’s largest asset manager, raised its stake in Strategy (MSTR) by about 44% in the third quarter, a Form 13F filed Nov. 6 shows, lifting the position to 1,903,725 shares worth $291.4 million at Sept. 30 prices.

That is up 579,672 shares from the 1,324,053 Amundi reported at June 30, when the same holding was valued at about $115.1 million. The Paris-based firm managed €2.579 trillion in assets at the end of September, up 11% year over year, and described itself as Europe’s leading asset manager.

The filing lands as MSTR has given back much of its third-quarter run. Strategy shares closed at $153.09 on Sept. 30 and near $126 on Monday, an 18% drop that would put Amundi’s disclosed stake near $239 million at the latest close, Yahoo Finance data show.

A 13F is a snapshot, not a trading diary. Amundi filed a combination report that folds in 17 other managers across its group, so the Strategy line can include client, fund and discretionary positions rather than a single proprietary bet, and the firm may have changed the holding since Sept. 30.

Strategy itself kept stacking. The company bought another 1,036 bitcoin last week for $81.9 million at an average of $79,012, a Monday 8-K filing and company release show, lifting its treasury to 850,364 BTC acquired for $64.16 billion at an average of $75,456.

That average cost now sits above the spot bitcoin price, leaving the stack underwater on paper even after the firm added 811 bitcoin the prior week.


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