DekaBank buys $15.2 million in shares of Bitcoin treasury firm Strategy

The German asset manager disclosed its first position in Strategy, picking up 104,921 shares as it expands into crypto services DekaBank has taken its first stake in Strategy, the company better known for owning Bitcoin than for making software. The German asset manager disclosed a purchase of 104,921 Strategy shares worth $15.2 million. For a lender majority-owned by German savings banks, that is a notable move. Sparkassen-linked institutions are not usually the first name that comes to mind when you think “Bitcoin proxy trade.” The position covers 104,921 shares of Strategy Inc ., which trades on the Nasdaq under the ticker MSTR. The stake is valued at approximately $15.2 million. That works out to a purchase price of approximately $145 per share.

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