Canadian pension giant AIMCo buys the dip on Strategy, with unrealized gains of approximately $69 million

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

Based on the current stock price of approximately $175 per share, the market value of this position has risen to approximately $241 million, resulting in an unrealized gain of approximately $69 million. AIMCo's average cost basis for building this position is approximately $125 per share.

AIMCo previously held shares of the company from 2019 to 2020 and liquidated its position shortly after the company shifted to its Bitcoin reserve strategy.