State Street Corporation has announced the purchase of 138,253 additional shares of Strategy, bringing its total holdings to 6.12 million shares valued at approximately $775 million. This move highlights State Street’s strategy to increase its exposure to Bitcoin through these shares, which serve as a popular vehicle for institutions looking to gain leveraged Bitcoin exposure without directly holding the cryptocurrency. Strategy itself is representative of a broader trend where public companies are increasingly adopting Bitcoin as a primary treasury reserve asset.
State Street Corporation buys $775M in Strategy shares, raises Bitcoin holdings to 6.12M
