Europe’s largest asset manager, Amundi, increased its stake in Michael Saylor's Bitcoin treasury company, Strategy (Nasdaq: MSTR), formerly MicroStrategy, by 46% in the third quarter of 2026.
Europe’s largest asset manager, Amundi, increased its stake in Michael Saylor's Bitcoin treasury company, Strategy (Nasdaq: MSTR), formerly MicroStrategy, by 46% in the third quarter of 2026.
As per the firm's 13F filing with the Securities and Exchange Commission (SEC) on Nov. 6, the Paris-based firm held 1.9 million MSTR shares worth $291.4 million by the end of Q3 2026.
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In contrast, the firm held $1.3 million shares worth $115.1 million by the end of Q2 2026.
So, Amundi has increased its stake in Strategy shares by 46% last quarter.
Inside Michael Saylor's Bitcoin Strategy (4:18)
MSCI removes MicroStrategy from indexes
Meanwhile, the index provider MSCI announced the removal of the world's leading corporate Bitcoin treasury from its USA and World indexes on Nov. 11 as it expanded its non-operating company exclusions.
The benchmark tracks large and midsize U.S. companies. Beginning Dec. 1, Strategy will no longer be part of MSCI's indexes.
During consultation, Strategy argued MSCI’s operating and non-operating terminology lacked a basis in recognized accounting frameworks and was a pretext for targeting digital asset treasury companies.
The company said it reports its Bitcoin business as an operating segment under U.S. GAAP, consistent with discussions with SEC Staff, and urged MSCI to withdraw the proposal. But the index provider decided to stick to its decision.
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In November 2025, JPMorgan estimated Strategy could face $2.8 billion in passive investment outflows if excluded from MSCI indexes, with total outflows rising to as much as $8.8 billion if other index providers followed.
Strategy currently holds 850,364 Bitcoin on its balance sheet, representing about 4.05% of the leading cryptocurrency's maximum supply of 21 million coins.
The MSTR stock was trading at $116.09 at the time of writing, down 5% on the day. The stock has lost nearly 50% of its value over the past year.
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