AIMCo’s Significant Investment in Strategy Yields $69 Million Gain
- Alberta Investment Management Corporation (AIMCo) acquired 1,382,000 shares of Strategy (MSTR) for $172,473,600.
- The average purchase price was approximately $125 per share.
- MSTR’s current value is around $175 per share, increasing AIMCo’s position to roughly $241 million.
- This results in an unrealized gain of about $69 million for AIMCo.
- As of December, AIMCo managed over $140 billion on behalf of Alberta’s public sector pension plans.
AIMCo’s recent investment highlights its strategy to gain exposure to the cryptocurrency market indirectly through companies like Strategy due to potential restrictions on direct Bitcoin holdings for institutional investors.
With MSTR now valued at approximately $241 million, AIMCo has realized a significant unrealized gain of about $69 million from its latest acquisition.(Source)
