Financial services entity Capital International has reportedly completed an investment equivalent to over $500,000 million into business intelligence company MicroStrategy stock. 

Specifically, as detailed in the submitted filing from MicroStrategy to the U.S. Securities and Exchange Commission (SEC) for Q2 this year, the entity reportedly revealed details of a completed acquisition for 953,242 shares of its stock.

After the SEC filing was made publicly available, MicroStrategy’s stock has reportedly experienced a surge regarding its price value, jumping up by over 1.5% to hit the $628.44 benchmark, bringing Capital International’s shares to be equivalent to approximately $600 million, in terms of price value. 

Capital International’s Q1 2021 filing with the SEC reportedly revealed that the company currently has no shares of MicroStrategy in its possession as of March 31st. 

MicroStrategy initially disclosed in 2020 its initiative to acquire over $250 million in Bitcoin (BTC), and has gone on to buy up to 105,085 BTC – translating to $3.5 billion at the time of publication.

Regardless of developments surrounding a significant investment into a firm having a huge amount of crypto assets in its possession, the price of BTC appears to not have been shaken. 

In June 2021, MicroStrategy reportedly disclosed details of its plan to secure “$400 million aggregate principal amount of senior secured notes” via fundraising, to buy more Bitcoin. 

Though MicroStrategy later amped up the debt offering to $500 million and purchased around  $489 million in the virtual coin, its stock price hit a temporary drop and plummeted by more than 2%.