Key Points:Group One is a proprietary trading company that acquired “beneficial ownership” of MicroStrategy. This includes the right to purchase 1.26 million shares Class A ordinary stock.
Group One was established in 1989 and serves the options trading industry. It is still present on the Chicago Board of Options Exchange and the Amex and Arca of New York Stock Exchange.
According to a document submitted by the U.S. Securities and Exchange Commission (USSEC), proprietary trading company Group One acquired “beneficial ownership” of MicroStrategy. This includes the right to purchase 1.26 Million shares of Class A common stocks. Group One is based in Chicago and has been in business since. It was established in 1989 and serves the options trading industry. It still has a physical presence at the Chicago Board of Options Exchange, Amex and Arca of New York Stock Exchange, and Nasdaq PEHLX. MicroStrategy is one of few publicly traded companies that holds significant amounts of Bitcoin (BTC) and crypto miners. The company, which has a market value of $2 billion, acts as a stand-in stockholder for those who want to be exposed to Bitcoin but not actually own it. MicroStrategy shares fell by 70% in 2022. However, the Tysons Corner, Virginia-based firm continued to be a net purchaser and has taken out loans for coin acquisitions. MicroStrategy’s co-founder and proponent of Bitcoin, Michael Saylor, resigned in August as CEO after a loss of over $1 billion due to the collapse in Bitcoin prices in the second quarter. BTC daily chart. Source: CoincuDISCLAIMER. The information on this website is intended to provide general market commentary but not as investment advice. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comHaroldCoincu NewsTags: AmexArcabitcoinChicago Board of Options ExchangeGroup OneMicroStrategy