Canada's pension giant AIMCo's bottom-fishing strategy, with unrealized gains of approximately $69 million

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Odaily Planet Daily News reports that Canadian asset management firm Alberta Investment Management Corporation (AIMCo) disclosed that in the first quarter, it purchased approximately 1.38 million shares of Strategy (MSTR), with an investment of about $172 million.

Based on the current stock price of approximately $175, the position’s market value has risen to about $241 million, with an unrealized gain of around $69 million. AIMCo’s average cost basis is approximately $125 per share.

AIMCo previously held shares of this company from 2019 to 2020 and sold off its holdings shortly after it shifted to a Bitcoin reserve strategy.

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