Swiss banking giant UBS now holds $1.12B in MicroStrategy stock

Swiss banking giant UBS Group has purchased an additional 551,121 shares of MicroStrategy (MSTR) for $98 million, bringing its total holdings to 6.31 million shares valued at approximately $1.12 billion, Crypto Briefing reported. MicroStrategy currently holds 818,334 BTC, worth $66.3 billion, at an average purchase price of $75,535.24 per coin. The outlet noted that buying MicroStrategy stock can be viewed as an indirect investment in the cryptocurrency industry.