Key takeawaysBusiness intelligence company MicroStrategys share (MSTR) has outperformed Bitcoin year-to-date, attracting more Wall Street giants as investors.The number of institutional investors with a minimum of $100 million holding MSTR rose to 738 from 667.MicroStrategy continues its bullish stance on Bitcoin as the company now holds 331,200 BTC, worth almost $29.7 billion.MicroStrategy has proven its stance and dominance with its Bitcoin reserve strategy. Moreover, its commitment to Bitcoin accumulation sparked its shares and attracted many investors.While retail investors are adopting MicroStrategys shares, MSTR institutional investors are not left out. A recent observation indicated a spike in the Wall Street giants that amassed MSTR as the share appreciated.Institutional investment managers with a minimum of $100 million in assets under management (AUM) filed 13F reports with the US SEC. These documents, often submitted within 45 days after the end of every quarter, provide details of each managers stock holdings as of September 30.The latest filings, submitted over the last week, disclosed that the number of institutional MSTR holders rose from 667 to 738. Also, the report showed that these companies hold MSTR valued at $15.3 billion in total.Further, the data showed that both Vanguard Group, the second-largest asset manager globally, and Capital International Investors purchased almost 16 million MSTR shares in Q3. This figure marks a 1,000% increase in their MSTR holdings.Similarly, Morgan Stanley, a prominent US-based investment bank, amassed 8 million MicroStrategy shares, representing a 500% quarter-over-quarter growth.Also, Bank of America and Goldman Sachs purchased 766,000 and 696,000 MSTR shares, respectively, within the third quarter. On the other hand, Susquehanna and State Street both bought 5.3 million MSTR shares.In 2020, MicroStrategy adopted a Bitcoin reserve strategy, making the primary crypto asset its basic reserve holdings. MicroStrategys share, MSTR, has recorded staggering growth since the company adopted this strategy, even outperforming Bitcoin.According to data from Google Finance, MSTR is up by over $461% year to date (YTD). On the other hand, Bitcoin has indicated less than 150% YTD growth, according to Coinmarketcap.MSTR trades at $384.79, reflecting a 12.96% increase over the past day.Microstrategy Makes Its Largest Single-Day Bitcoin Purchase, Scaling Holding to 331,200 BTCMicroStrategy has continued its bullish stance on Bitcoin as it accumulated more tokens recently. The business intelligence firm amassed 51,780 BTC tokens worth $4.6 million. The transaction marked MicroStrategys largest single-day Bitcoin purchase ever.This latest purchase comes at the heel of another accumulation on November 11, when the firm bought 27,200 BTC tokens worth $2.03 billion.According to data from SaylorTracker.com, the website that tracks MicroStrategys Bitcoin holdings and transactions, the company currently holds 331,200 BTC coins, worth $30.31 billion, in line with market prices.Recently, MicroStrategy announced its 21/21 plan to boost its Bitcoin accumulation. This plan will see the company raising $42 billion in three years, $21 billion each from equity and fixed-income issuances, respectively.Meanwhile, analysts, including Mark Palmer, reacted to MicroStrategys audacious moves and plans regarding Bitcoin accumulation and yields.On November 18, Palmer wrote to clients: MSTRs ability to generate compounding yield on its bitcoin holdings, enabled by leverage accrued through the repeated tapping of the US capital markets, differentiates its stock from alternative means of gaining exposure to Bitcoin such as spot bitcoin ETFs.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Rida is a dedicated crypto journalist with a passion for the latest developments in the cryptocurrency world. With a keen eye for detail and a commitment to thorough research, she delivers timely and insightful news articles that keep her readers informed about the rapidly evolving digital economy. View all articles by Rida Fatima Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.