Group One purchases 13.5% of MicroStrategy’s share

Options marketplace shaper Group One purchased 13.5% of MicroStrategy’s share, according to a Jan. 10 SEC filing.

The trading steadfast holds astir 1.3 cardinal shares of MicroStrategy. The filing did not authorities the magnitude the shares were purchased.

Following the news, the Michael Saylor-led steadfast shares rose 8.57% to $190 arsenic of property time.

MicroStrategy’s stock MSTR had declined by much than 70% successful the past twelvemonth owed to the broader marketplace diminution that saw Bitcoin commercialized astatine grounds lows.

MicroStrategy is 1 of the largest Bitcoin holders. The institution purchased 2,395 BTC betwixt Nov. 1 and Dec. 21 to instrumentality its full holdings to 132,500 BTC.

According to Group One’s website, the steadfast is 1 of the largest, privately held options trading firms successful the United States. It added that it maintains a carnal beingness connected the Chicago Board Options Exchange, New York Stock Exchange Amex, and Arca and Nasdaq PHLX.

The station Group One purchases 13.5% of MicroStrategy’s share appeared archetypal connected CryptoSlate.