Trader T cited data from Bloomberg Terminal, sharing a chart of the latest debt holder data from MicroStrategy (data updated to the latest situation after November 18), showing the institutions that participated in the subscription of the convertible bonds issued by MicroStrategy during this period.

According to the results presented in the image, the top two holders are Vanguard Group and BlackRock, both of which are leading asset management companies globally and also major shareholders of MicroStrategy, holding 9.54% and 5.18% of the shares, respectively.

It is worth mentioning that this statistical data also lists many other well-known institutions, such as BNY Mellon, Nomura Group, JPMorgan Chase, Invesco, Goldman Sachs, etc., all of which hold significant positions in the financial market.

Interestingly, two brokerage firms from Taiwan, 'Cathay Securities' and 'Fubon Securities', are also on the list. For these institutions, participating in MicroStrategy's convertible bonds might be a good way to enjoy the upside of Bitcoin with low risk.

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