RBC Bolsters Bitcoin Exposure with $4.45M Strategy Stake Increase

The Royal Bank of Canada (RBC) has increased its stake in Strategy, a prominent Bitcoin treasury company, by acquiring an additional 46,001 shares valued at approximately $4.45 million.

This latest purchase brings RBC's total position to 385,002 shares worth roughly $37.2 million, with the investment being part of a broader trend of institutional investors using Strategy as a proxy for Bitcoin exposure.

RBC initially expanded its stake in Strategy in the first quarter of this year, adding 295,829 MSTR shares and lifting its stake to 339,001 shares.