NEW: 🇨🇦 The National Bank of Canada and Bank of Montreal are loading up on MSTR.

National Bank added $525M, while Bank of Montreal bought $790M worth of shares.

H/t @Reggie_on6

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Discussion

This clearly indicates that BTC is still considered a risky asset. The buy a derivative asset that might crash way harder than BTC, but for them it's easier to justify a stock market loss.

We are still early.