The National Bank of Canada, which is valued at $421 billion, recently disclosed its sale of 1.04 million shares in Strategy, a treasury company known for holding Bitcoin, reducing its holdings to 1 million shares. This move is reflective of a broader trend in which major financial institutions seek indirect exposure to cryptocurrencies by investing in firms with significant digital asset reserves. Companies like Strategy have been increasingly adopting Bitcoin in their corporate treasury as a strategy to hedge against inflation and currency devaluation.
National Bank of Canada sells 1.04M Strategy shares, holds 1M
