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RenTech, A Well-Known Hedge Fund Becomes The Third-Largest Buyer of MSTR Since June

Mary Liu

Summary: According to The Block, the hedge fund RenTech (Renaissance Technologies) has become the third-largest buyer of MicroStrategy stock ($MSTR) since June, at that time MicroStrategy's CFO remarked on earnings call that the firm may allocate treasury into Bitcoin.  RenTech is known for developing quantitative trading models. Market data shows that RenTech made purchases in June ...

According to The Block, the hedge fund RenTech (Renaissance Technologies) has become the third-largest buyer of MicroStrategy stock ($MSTR) since June, at that time MicroStrategy's CFO remarked on earnings call that the firm may allocate treasury into Bitcoin. 

RenTech is known for developing quantitative trading models. Market data shows that RenTech made purchases in June and September, increasing its shareholding ratio to 1.96% of all outstanding shares. The total value of these stocks exceeds $40 million, and the price per share is $285.

By Mary Liu

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