Canada’s $195 Billion Provincial Fund Buys $219 Million MicroStrategy Stake in First Bitcoin Allocation
BeInCrypto
The Alberta Investment Management Corporation has acquired a $219 million stake in MicroStrategy, marking its first institutional allocation linked to Bitcoin.Summary
The Alberta Investment Management Corporation (AIMCo), which manages $195 billion for Canadian pension and endowment funds, has purchased 1.38 million shares of MicroStrategy (MSTR) valued at $219 million. This move represents the institution's first Bitcoin-linked investment, following a broader trend of major Canadian financial entities using MicroStrategy stock as a regulated proxy for Bitcoin exposure. While some critics argue that MicroStrategy's equity dilution and corporate debt strategies introduce unnecessary risks for conservative pension funds, the investment highlights the growing institutional preference for equity-based crypto exposure over direct asset custody.
(Source：BeInCrypto)