Choices market maker Group One bought 13.5% of MicroStrategy’s share, in line with a Jan. 10 SEC filing.
The buying and selling agency holds roughly 1.3 million shares of MicroStrategy. The submitting didn’t state the quantity the shares had been bought.
Following the information, the Michael Saylor-led agency shares rose 8.57% to $190 as of press time.
MicroStrategy’s share MSTR had declined by greater than 70% previously yr because of the broader market decline that noticed Bitcoin commerce at report lows.
MicroStrategy is without doubt one of the largest Bitcoin holders. The corporate purchased 2,395 BTC between Nov. 1 and Dec. 21 to take its whole holdings to 132,500 BTC.
Based on Group One’s website, the agency is without doubt one of the largest, privately held choices buying and selling corporations in america. It added that it maintains a bodily presence on the Chicago Board Choices Change, New York Inventory Change Amex, and Arca and Nasdaq PHLX.