Cryptocurrency

Group One purchases 13.5% of MicroStrategy’s share

Hull Invest

Options market maker Group One has purchased a 13.5% stake in MicroStrategy, according to the SEC on Jan. 10. filing.

The trading company owns approximately 1.3 million shares of MicroStrategy stock. The filing did not say how much the shares were purchased.

Following the news, shares in a company led by Michael Thaler Rose 8.57% to $190 at time of writing.

MicroStrategy’s share MSTR has fallen more than 70% over the past year due to a market-wide decline that saw bitcoin trade at record lows.

MicroStrategy is one of the largest Bitcoin holders. The company said he bought 2,395 BTC between November 1st and December 21st, bringing his total holdings to 132,500 BTC.

According to Group One website, the company is one of the largest privately held options trading firms in the United States. It maintains a physical presence on the Chicago Board Options Exchange, New York Stock Exchange Amex, Arca and Nasdaq PHLX, it added.

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