KBC Group boosts stake in Strategy, holding $6M in shares

Belgium’s second-largest bank, KBC Group, has disclosed an increase in its stake in Strategy, a company known for its significant Bitcoin holdings. The bank now holds 39,826 shares in the company, valued at approximately $5.9 million. This move adds KBC Group to the list of regulated European banks with exposure to Bitcoin-treasury equity vehicles, although it does not equate to a direct Bitcoin purchase. Strategy, listed on Nasdaq as MSTR, holds Bitcoin as its primary treasury asset, with recent reports indicating a total of 848,517 BTC in its reserves.