KBC Group, the second-largest bank in Belgium, has expanded its investment in Strategy, the company publicly traded on Nasdaq as MSTR. The financial institution now owns 39,826 shares of the firm, which is valued at approximately $5.9 million.
Strategy maintains Bitcoin as its primary treasury asset. According to recent reports, the company holds a total of 848,517 BTC in its reserves. This investment marks KBC Group as one of the regulated European banks with exposure to Bitcoin-treasury equity vehicles.
The bank's decision does not represent a direct purchase of Bitcoin. Market participants are currently monitoring whether such institutional moves will impact the asset's price, as investors evaluate the potential for Bitcoin to reach the $85,000 threshold.
