Swedbank, one of the largest banks in Sweden, has significantly deepened its bet on Bitcoin. Although not a direct Bitcoin purchase, the financial institution raised its stake in MicroStrategy to over $33 million.
The move marks a clear push to gain indirect exposure to Bitcoin through one of its most aggressive corporate backers. MicroStrategy has over 600,000 BTC on its balance sheet.
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Swedbank, one of the largest banks in Sweden, has significantly deepened its bet on Bitcoin. Although not a direct Bitcoin purchase, the financial institution raised its stake in MicroStrategy to over $33 million.
The move marks a clear push to gain indirect exposure to Bitcoin through one of its most aggressive corporate backers. MicroStrategy has over 600,000 BTC on its balance sheet.