Canadian pension fund Alberta Investment Management Corp. (AIMCo) has re-entered its investment in Michael Saylor’s bitcoin treasury company, reversing a previous exit from the position. The fund is now sitting on an unrealized gain of $69 million from the investment.
Investment Position
AIMCo’s return to the bitcoin treasury company represents a reversal of its earlier decision to exit the investment. The fund’s current unrealized gain of $69 million reflects the appreciation of its position in the company.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Morgan Stanley Adds 286.7 BTC in 5 Hours, Total Holdings Reach 2,620 BTC
According to Onchain Lens, Morgan Stanley increased its Bitcoin holdings by 286.7 BTC approximately 5 hours ago on May 2, with a transaction value of around $22.48 million. The bank's total Bitcoin position now stands at 2,620 BTC, valued at approximately $205 million at current
GateNews1h ago
Canadian Pension Giant AIMCo Buys Bitcoin Treasury Firm Strategy, Now Sitting on $69M Unrealized Gain
Canadian pension fund AIMCo recently returned to Michael Saylor's bitcoin treasury company Strategy after previously exiting, now holding an unrealized gain of $69 million on the position.
GateNews1h ago
Paradigm Researcher Proposes PACTs Model to Protect Satoshi-Era Bitcoin From Quantum Threats
According to Paradigm researcher Dan Robinson, a new model called Provable Address-Control Timestamps (PACTs) could protect dormant bitcoins, including those belonging to Bitcoin's creator Satoshi Nakamoto, from future quantum computing threats. The proposal
GateNews1h ago
SBI Group, Visa Launch Crypto Card With up to 10% BTC, ETH, XRP Promo Rewards
Japanese giant SBI Group is bringing crypto rewards into everyday spending with a new Visa card offering that converts points into BTC, ETH, or XRP. The campaign offers rewards of up to 10% for Gold users and 2.5% for standard users.
Key Takeaways:
SBI and Visa launched credit cards that convert
Coinpedia2h ago
Bitcoin Rises 2.52% to $78,800 on May 2, Multiple Metrics Point to $80,000 Target
According to BlockBeats, Bitcoin rose 2.52% to $78,800 on May 2 (Friday), with multiple on-chain metrics pointing to $80,000 as the next target. The cryptocurrency held support at its 100-day exponential moving average (100-EMA), while spot market buying pressure intensified. Cumulative volume delta
GateNews3h ago