Ontario Pensions Bet on Bitcoin with MicroStrategy Agent Games

Ontario Pension Fund has invested $31 million in buying MicroStrategy's Bitcoin stock, in line with the trend of institutional investors investing in Bitcoin through traditional stocks. As a major Bitcoin holder, MicroStrategies' stock price has fallen 16% in the past month, down from Bitcoin's 3% decline as it is primarily seen as a replacement asset for Bitcoin. Despite being excluded from the S&P 500, the company has attracted numerous bullish forecasts, with some predicting its share price could reach $1,277 by 2030, which is closely related to Bitcoin’s performance. Analysts still have a disagreement on its risks due to their high reliance on Bitcoin.