Amundi Boosts MicroStrategy Stake by 44% to $291 Million

Amundi Boosts MicroStrategy Stake — Europe’s largest asset manager, Amundi, increased its stake in MicroStrategy (MSTR) by approximately 44% during the third quarter, according to a regulatory filing, raising the position’s value to $291.4 million as of September 30.

The Paris-based firm, which managed €2.579 trillion in assets at the end of September, reported holding 1,903,725 shares of the Bitcoin-focused company. This was up from 1,324,053 shares reported at the end of the prior quarter. The filing is a snapshot of holdings and can include client, fund, and discretionary positions.

The increased stake came during a quarter where MicroStrategy’s stock price roughly doubled, though the shares have since retreated alongside Bitcoin’s price. At Monday’s close near $126, the disclosed stake’s value had fallen to approximately $239 million.

MicroStrategy itself continued its Bitcoin accumulation strategy during the period, adding another 1,036 BTC last week. The company now holds 850,364 bitcoin, maintaining its position as the largest corporate holder.