Canada's Alberta Investment Management Corporation (AIMCo), one of the country's largest public funds with over $195 billion in assets under management, has disclosed a $219 million stake in MicroStrategy (MSTR). The investment, revealed via a regulatory filing on April 30, 2026, marks the fund's first direct crypto-related investment and provides exposure to Bitcoin through MicroStrategy's substantial BTC treasury.
AIMCo purchased 1.38 million shares of MicroStrategy. This strategic move positions AIMCo among other major Canadian institutions that have invested in the software company, including the National Bank of Canada (holding 1.47 million shares), Royal Bank of Canada (over $230 million in MSTR stock), and the Canada Pension Plan Investment Board (CPPIB). AIMCo manages dozens of public funds, including Alberta's Heritage Savings Trust Fund, and its investment aligns with a diversification strategy away from oil and gas toward real estate, infrastructure, and technology.
MicroStrategy remains the largest public Bitcoin holder, with a treasury of 818,334 BTC valued at approximately $63.1 billion. The company's average purchase price per Bitcoin is $75,532. In its latest acquisition, MicroStrategy bought 3,273 BTC at an average price of $77,906. However, the strategy faces skepticism. Notable critics like Peter Schiff have labeled founder Michael Saylor a 'fraud', and analysts question the sustainability of continued accumulation, especially after the company posted a $12.4 billion loss. Others have pointed out risks for pension funds, such as the Ontario Teachers' Pension Plan's $95 million loss from the FTX collapse.
Bitcoin (BTC) currently trades around $77,100, with a 25% decline in trading volume over the past day.
