Mentioned:
Alberta’s pension fund is making a new bet on Michael Saylor’s Strategy. And it might just be the beginning of their Bitcoin ambitions.
What’s happening:
- Alberta Investment Management Corporation has purchased $219M USD of Strategy (NASDAQ: MSTR) shares in the open market
By the numbers:
- Alberta Investment Management Corporation now owns roughly 1.38M common shares of Strategy
Why it matters:
- This is the first time ever that Alberta Investment Management Corporation has made a direct investment into Bitcoin exposure in the public markets
Going deeper:
- Alberta Investment Management Corporation is one of Canada’s largest pension funds and currently has approximately $194B USD in assets under management
- The Canada Pension Plan Board and the Healthcare of Ontario Pension Plan are also notably shareholders of Strategy
