Morgan Stanley invests in MicroStrategy


Morgan Stanley boosted a stake in MicroStrategy Inc. to more than 13% late last year. They held almost 800,000 shares of MicroStrategy by the end of the year, according to a filing with the United States Securities and Exchange Commission last weekend. The stake had a value of roughly $420 million based on the day's closing price.

MicroStrategy's CEO Michael Saylor, has been buying up Bitcoin and is outspoken about it. He also encouraged Elon Musk to strategize Tesla capital into Bitcoin. MicroStrategy's stock has gained more than 30% as cryptocurrency soared.

Top holders of MicroStrategy includes BlackRock and Vanguard.

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