UBS Group increases MicroStrategy stock holdings to $1.12 billion

Techub News, according to U.Today, the latest 13F filing with the U.S. SEC by UBS, Switzerland's largest bank, shows that the bank has increased its holdings of MicroStrategy (MSTR) stock to 6.31 million shares, with a total value of approximately $1.12 billion. It also disclosed its exposure to XRP. This increase makes the institution one of the major institutional holders of MSTR. The filing indicates that its holdings have grown from 2.52 million shares at the beginning of the year to the current 6.31 million shares. This marks a shift in UBS's stance on digital assets from early skepticism to active deployment, reflecting the growing demand among traditional financial institutions for allocation to cryptocurrency-related assets.