Research > ETFs > ETF / ETP Commentary > 

Big Bitcoin Buy Pushes MicroStrategy Over $5.1 Billion

Business-intelligence software company MicroStrategy has added an additional 5,050 bitcoins to its balance sheet. The company now holds 114,042 bitcoins, currently collectively worth around $5.1 billion.MicroStrategy CEO Michael Saylor has made bitcoin acquisition a second mandate for the company after its primary work developing business-intelligence software. MicroStrategy stock has become a kind of Bitcoin proxy investment for some investors, providing a way to gain exposure to the crypto without the hassle of buying and holding bitcoin directly. ETFs That Hold MicroStrategy (MSTR)Currently, 109 ETFs have exposure to MicroStrategy, with 17 including the stock in their top 15 holdings. Source: etfdb.com Data as of September 14th, 2021Since ETF Trends last covered ETFs holding MicroStrategy, the Defiance Next Gen Big Data ETF (BIGY) has joined BITQ, DAPP, BLOK, and XSMO as one of the five ETFs with the highest portfolio exposure to MicroStrategy. BIGY tracks the BlueStar Big Data and Analytics Index, which tracks the performance of companies around the globe that derive most of their revenue from data management and platforms, dev-ops, API management, and big data analytics. BIGY has an expense ratio of 0.45% and a total of 31 holdings. The Bitwise Crypto Industry Innovators ETF (BITQ), which has consistently maintained unparalleled exposure to MicroStrategy, focuses on pure-play crypto companies tracked by the Bitwise Crypto Innovators 20 Index. MicroStrategy is the fund’s largest holding with a current weight of 11.70%. BITQ has 31 total holdings and an expense ratio of 0.85%. The VanEck Vectors Digital Transformation ETF (DAPP) has maintained a high MicroStrategy allocation as well, with a current weighting of 5.59%. DAPP tracks the MVIS Global Digital Assets Equity Index, which focuses on all-cap companies which derive at least half of their revenue from digital assets. DAPP has 26 holdings and an expense ratio of 0.50%.The Amplify Transformational Data Sharing ETF (BLOK) is the largest blockchain ETF on the market and holds MicroStrategy at a weight of 5.37%. The fund invests 80% of its assets in companies involved in blockchain technology development and utilization. BLOK is actively managed and has an expense ratio of 0.71%. The fund currently has 48 holdings with MicroStrategy as its second largest. The Invesco S&P SmallCap Momentum ETF (XSMO) is a small cap ETF which holds MicroStrategy in a weight of 3.92%. XSMO tracks the S&P SmallCap 600 Momentum Index. The fund aims to hold the 120 securities with the highest momentum scores in the Index. MicroStrategy is the largest of its 113 holdings. The fund has an expense ratio of 0.39%. For more news, information, and strategy, visit the Crypto Channel.

Performance data shown is past performance and is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. For standard quarterly performance, go to the fund's Snapshot page by clicking on the ETF/ETP's symbol.

ETFs may trade at a premium or discount to their NAV and are subject to the market fluctuations of their underlying investments.

For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF's prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are registered trademarks of BlackRock, Inc. and its affiliates.

FBS receives compensation from the fund's advisor or its affiliates in connection with a marketing program that includes the promotion of this security and other ETFs to customers ("Marketing Program"). The Marketing Program creates incentives for FBS to encourage the purchase of certain ETFs. Additional information about the sources, amounts, and terms of compensation is in the ETF's prospectus and related documents. Please note that this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral.

News, commentary (including "Related Symbols") and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate exchange traded products (ETPs), including, but limited to exchange traded funds (ETFs) and exchange traded notes (ETNs). Criteria and inputs entered, including the choice to make ETP comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating ETPs. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

Before investing in any exchange traded product, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.