Bitcoin Falls Below $90K as National Bank of Canada Acquires $273M MicroStrategy Stake
Bitcoin retreated to $89,605 after nearing $100,000, while major altcoins including Ethereum and Solana also declined. National Bank of Canada disclosed a $273 million position in MicroStrategy, representing 1.47 million shares, according to data from BitcoinTreasuries.NET. The investment provides the institution with indirect Bitcoin exposure through equity markets rather than direct cryptocurrency holdings.