First Eagle Investment Management discloses a massive investment in Bitcoin treasury firm Strategy Inc (NASDAQ: MSTR). The firm surpasses Vanguard Group to become the largest investor in Michael Saylor’s company as it raises funds to aggressively purchase Bitcoin.
First Eagle Investment Management Invests $16.59 Billion in Strategy Inc
In a 13F filing with the US SEC, New York City-based First Eagle Investment Management reported a $16.59 billion investment in Strategy Inc. The firm purchased 20 billion of Strategy Inc’s 0% convertible senior notes due 2030.
Strategy position now represents 22% of First Eagle’s investment portfolio. It indicates the firm’s confidence in MSTR stock amid corporate Bitcoin treasury. As CoinGape reported earlier, Strategy purchased Bitcoin worth $43 million after a week-long pause. The firm now holds 818,869 BTC valued at over $66 billion.
Notably, First Eagle Investment Management has become the largest investor, surpassing Vanguard Group’s $3.65 billion investment in MSTR stock. Vanguard has yet to disclose its updated MSTR stock holdings for Q1 2026. However, Vanguard Group’s Mid-Cap Value ETF (VOE) increased its stake in Strategy by $195 million.
The firm also holds investments in Alphabet Inc, Becton, Dickinson Co, Wheaton Precious Metals, and Meta Platforms. Meanwhile, Capital International Investors, BlackRock, and Toroso Investments are top MSTR investors after First Eagle and Vanguard.
MSTR Stock Under Pressure
MSTR stock price closed 5.88% lower at $184.42 on Tuesday. The intraday low and high were $179.85 and $192.24, respectively. Furthermore, trading volume plunged significantly below the average of 19 million.
The stock is trading 0.15% lower during premarket trading hours today as Bitcoin plunges below $81K. Notably, MSTR stock has given more than 17% return YTD. First Eagle Investment Management’s massive investment in Strategy convertible senior notes indicates massive tradFi institutional interest.
Meanwhile, the company is raising capital to purchase Bitcoin aggressively with STRC perpetual preferred shares. According to STRC tracker, the company has likely acquired 1903 BTC this week.
BTC is trading near $80,600 amid significant profit booking, with flat trading volume over the past 24 hours ahead of US PPI inflation data. The intraday low and high are $79,832 and $81,276, respectively.
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