AIMCo’s position of about 1.38 million MSTR shares has climbed sharply in value as the stock rose to around $175. Based on the figures cited in the report, the holding is now worth roughly $241 million, leaving the Canadian fund with an unrealized profit of about $69 million.
MSTR rally boosts the value of AIMCo’s stake
The report says the appreciation came after AIMCo built the position, with MSTR’s share price moving up to around $175. That jump materially increased the market value of the fund’s holdings. For a large public-sector asset manager, a gain of this size on a single equity position stands out.
AIMCo manages public sector pension funds across Alberta and oversees assets of more than $140 billion. That makes it one of Canada’s largest institutional investors, and major portfolio shifts by the fund tend to draw attention.
The fund held MSTR before and exited in 2020
FactSet data cited in the article shows AIMCo previously owned MSTR between late 2019 and mid-2020. At that time, it held about 198,000 shares before fully liquidating the position in September 2020. The exit came shortly after Michael Saylor decided to change Strategy’s focus and add Bitcoin to the company’s corporate treasury.
That history matters. AIMCo had exposure to the stock before, sold out, and has now returned with a much larger position. From the numbers disclosed, the current allocation is far bigger than the earlier one.
Institutions keep using listed products for indirect Bitcoin exposure
The article argues that many institutional investors face legal and regulatory barriers when trying to buy Bitcoin directly. Because of that, they often seek indirect exposure through financial products linked to digital assets. Strategy shares and BlackRock’s IBIT are cited as examples of instruments used for that purpose.
Under U.S. Securities and Exchange Commission rules, institutional funds with more than $100 million invested in U.S. equities must file quarterly 13F reports. For AIMCo, those filings add a visible disclosure trail and give the public a clearer view of its investment activity.
The MSTR position shows how institutions in the U.S. and Canada can add Bitcoin-linked exposure while staying within existing regulatory limits. In this case, that approach has already produced a sizable paper gain for AIMCo.