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Swiss National Bank holds $72M in MicroStrategy shares, gaining indirect Bitcoin exposure despite rejecting direct crypto holdings.

Market News
12 Aug 2026
Crypto Briefing
View Source
Neutral
Swiss National Bank holds $72M in MicroStrategy shares, gaining indirect Bitcoin exposure despite rejecting direct crypto holdings.

The Swiss National Bank (SNB) owns about $72 million worth of MicroStrategy shares, giving it indirect exposure to Bitcoin. Although SNB's president has publicly stated Bitcoin is unsuitable as a reserve asset, the bank's stake in MicroStrategy, a company known for its large Bitcoin holdings, acts as a proxy for Bitcoin investment. This position, which has been managed actively and fluctuated over the past year, is a byproduct of SNB's currency intervention strategy rather than a direct bullish bet on Bitcoin. The SNB's indirect exposure avoids direct crypto risks but still participates in Bitcoin's price swings through MicroStrategy's leveraged treasury strategy.

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