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What: Acquired 1.47 million shares of MicroStrategy (MSTR).
Value: Approximately $273 million.
Why: To get indirect exposure to Bitcoin, as MicroStrategy's strategy is to hold large amounts of BTC, allowing the bank to gain BTC-linked upside without managing digital wallets directly.
Significance: Shows a major shift in how traditional banks view and invest in crypto-related assets.
"Cantor Fitzgerald cut its 12-month price target for MicroStrategy (MSTR) from $560 to $229, but keeps a 'buy' rating. The firm noted sufficient cash for 21 months of dividends."