MicroStrategy Inc. MSTR, +2.06 percent saw its stock increase 2.3 percent in afternoon trade Friday after the enterprise software and bitcoin company announced that Capital International Investors had purchased a significant position in the company. MicroStrategy said in a filing with the Securities and Exchange Commission that Capital International now owns 953,242 shares, or 12.2 percent of MicroStrategy’s Class A shares outstanding, which would make Capital International the company’s second largest shareholder, according to FactSet. Capital International does not own any Microstrategy shares as of March 31, according to its most recent 13F filing. MicroStrategy, which is considered a bitcoin bet after announcing last month that it has purchased more than $2.7 billion in bitcoin, has seen its shares plummet 11.0 percent in the last three months, while bitcoin has down 42.4 percent and the S&P 500 SPX, +0.99 percent has gained 5.7 percent./n
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