Bitcoin and micro-strategy are skyrocketing! Cathay Pacific 00909 Shareholding Jingjian Micro Strategy
The price of Bitcoin has been soaring recently and is just one step away from the $100,000 mark! Investors in Taiwan stocks are also participating in this rally through the "00909 Cathay Global Digital Payment Services ETF Fund".
The latest shareholding information of Cathay Digital Payment 00909 shows that its largest shareholding is MicroStrategy, with a shareholding ratio of as high as 10.70%.
Other major constituents include Robinhood (6.22% stake), PayPal (5.82% stake), Fiserv (5.76% stake), Block (5.27% stake) and other digital payment and cryptocurrency-related companies. The well-known cryptocurrency exchange Coinbase is also among them, with a shareholding ratio of 5.02%.
Source: Cathay Investment Trust Cathay Digital Payment 00909 latest shareholding weight information
It is understood that Cathay 00909 targets the fields of digital payment, digital asset software and infrastructure, and is currently the only ETF in Taiwan that covers the concepts of blockchain and cryptocurrency exchanges.
Cathay Pacific 00909 trading volume surged last week, with a weekly increase of 8%
Cathay Pacific 00909 has performed well recently, thanks to the strong performance of Bitcoin and micro strategies.
According to (Juheng.com), 00909’s stock price has risen from 28.71 yuan to 36.33 yuan since November, with a cumulative increase of 31.41% in three months, the best performance among more than 200 prototype ETFs in Taiwan stocks.
Since November this year, the number of investors in 00909 has increased by nearly 20%, showing investors’ strong interest in it. Last week ended with a cumulative increase of 8%, and trading volume also surged.
According to official website data, 00909 will be listed in 2022, with a cumulative return rate of 92.83% in the past year, while the annual return rate of micro-strategy has exceeded 370% and that of Bitcoin is 160%.
However, it should be noted that whether it is 00909, micro-strategy or Bitcoin spot ETF, they are all products in the field of indirect investment or holding of Bitcoin and crypto assets. Only by directly purchasing Bitcoin and properly storing it in a self-custody wallet can it be considered a real investment. Own Bitcoin assets.
MicroStrategy was attacked by short sellers and fell 16%
Although the recent trend is good, MicroStrategy, which is the largest holding of 00909, is facing short-selling attacks.
Citron Research, a well-known short-selling research institution, said it has shorted micro-strategy stocks, according to (Bloomberg) reports. After the news broke, MicroStrategy's stock price fell 16%, closing at about $397, the largest one-day drop since April 30.
Citron Research pointed out that with the launch of Bitcoin ETFs, investors can invest directly in such funds and no longer need to use micro-strategy stocks as proxy tools for investing in Bitcoin. The agency stated that although they are optimistic about the prospects of Bitcoin, they still choose to short the micro strategy to avoid risks.
In fact, Citron Research is not the first to recommend shorting the micro strategy. In March of this year, Kerrisdale Capital Management stated that it was simultaneously long Bitcoin and short micro-strategy stocks.
Despite this, MicroStrategy’s stock price has risen more than 500% this year, driven by Bitcoin’s breakthrough to $98,000, and its market value once exceeded $100 billion, which is equivalent to the top 100 companies in the S&P Index.
Analysts revealed to foreign media (Cointelegraph) that MicroStrategy’s share price is expected to rise further, and its market value is even expected to surpass that of chip maker Intel.
Extended reading: Stock price rises 100% monthly! Micro-strategy Bitcoin strategy is super useful, is the market value expected to outperform Intel?
[Disclaimer] There are risks in the market, so investment needs to be cautious. The above opinions are for reference only. Users should refer to more diverse indicators to judge whether to invest, and consider whether any opinions, views or conclusions in this article are consistent with their specific circumstances. Invest accordingly and do so at your own risk.
"Taiwan stocks are also crazy about the Bitcoin concept! Cathay Pacific 00909’s shareholding was shocked by micro-strategy, and trading volume surged. This article was first published in "Crypto City"
