Citi Bolsters Strategy Stake to $90.5M Amid Institutional Crypto Adoption

Citigroup has added another batch of shares to its portfolio of Strategy (NASDAQ: MSTR), purchasing 238,538 more shares for around $22 million. This brings Citi's total stake in the Bitcoin treasury company to 961,554 shares, valued at approximately $90.5 million.

This is not Citi's first significant investment in Strategy. The bank previously acquired 723,016 shares worth about $41.2 million, making its latest purchase a meaningful escalation of its existing bet.

Strategy, formerly known as MicroStrategy, has transformed itself into a Bitcoin holding company with a large stash of the cryptocurrency. With over 840,000 BTC in its treasury, it is by far the largest corporate holder of Bitcoin globally.