Institutional filings surge into Bitcoin mining stocks and MicroStrategy

Quick Take

Similarly to the Bitcoin ETFs, there was a significant influx of 13-F filings for the publicly traded miners and MicroStrategy.

The release of 13-F filings revealed notable investments in publicly traded miners, such as TeraWulf Inc (WULF). According to Fintel data, the State of Wisconsin Investment Board acquired 19,001 shares of WULF, while Soros Capital Management LLC made a substantial purchase of 2.3 million shares. Beryl Capital Management LLC has also emerged as a significant player, now ranking as the fourth-largest holder of Terra Wulf shares.

Turning to Iris Energy (IREN), another key player in the mining sector, the Bank of Montreal led the charge with 883,000 shares. Other prominent institutional investors include Charles Schwab Investment Management, Nomura, Barclays, and the Royal Bank of Canada, all of whom have stakes in the company, according to Fintel data.

Fintel data also shows 13-F filings for MicroStrategy showcased investments from heavyweights like Norges Bank, the central bank of Norway, the Public Employees Retirement System of Ohio, and Tudor Investment Corp led by Paul Tudor Jones, alongside the Teachers Retirement System of the State of Kentucky, further underlining the growing institutional interest in the sector.

In addition, Marathon Digital Holdings (MARA) made headlines by securing $300 million through an oversubscribed offering of convertible senior notes. This influx of capital enabled the company to purchase 4,144 Bitcoin, valued at approximately $249 million, elevating its strategic Bitcoin reserve to over 25,000 BTC.

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