Business intelligence firm MicroStrategy (MSTR) just spilled intel that the financial services company of Capital International has acquired a huge equity stake from them. Reports are suggesting that the latter has invested over half a billion dollars into the former.

If the Securities and Exchange Commission filing made by MicroStrategy is anything to go by, it was revealed that in the second quarter of 2021, the firm made it known that Capital International Investors has purchased 953,242 shares of its stock.

After news got out in the open, MicroStrategy’s stock price has been observed to increase by 1.7 percent on Friday which is around $628.19. In April, it was revealed that the private equity firm had acquired an undisclosed stake in the business intelligence software maker. At that time, reports had it that the latter was in talks with Capital International Investors over how best to address its funding needs.

Read more/Source: The Coin Republic