{"id":40513,"date":"2021-04-10T12:44:25","date_gmt":"2021-04-10T09:44:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40513"},"modified":"2025-08-30T14:26:30","modified_gmt":"2025-08-30T11:26:30","slug":"hsbc-clients-report-ban-on-microstrategy-stock-purchases","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/hsbc-clients-report-ban-on-microstrategy-stock-purchases\/","title":{"rendered":"HSBC clients report ban on MicroStrategy stock purchases"},"content":{"rendered":"<p>Britain&#8217;s largest bank, HSBC, is reportedly prohibiting clients from purchasing shares of MicroStrategy, which has concentrated a substantial portion of its reserves in bitcoin.<\/p>\n<p>A screenshot of the bank&#8217;s notification was shared by one HSBC client going by the handle Camiam.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Hey <a href=\\\"https:\/\/twitter.com\/michael_saylor?ref_src=twsrc%5Etfw\\\">@michael_saylor<\/a> , you may want to ask your legal team if what <a href=\\\"https:\/\/twitter.com\/HSBC_CA?ref_src=twsrc%5Etfw\\\">@HSBC_CA<\/a> is doing here is legal. It sure does not sound like it is! They wont allow us to buy <a href=\\\"https:\/\/twitter.com\/MicroStrategy?ref_src=twsrc%5Etfw\\\">@MicroStrategy<\/a> . They maybe naked short\u2026 <a href=\\\"https:\/\/t.co\/GWSpt5t9eH\\\">pic.twitter.com\/GWSpt5t9eH<\/a><\/p>\n<p>\u2014 Camiam\u26a1\ufe0f\u2623\ufe0f (@Camadamus) <a href=\\\"https:\/\/twitter.com\/Camadamus\/status\/1380030785911025671?ref_src=twsrc%5Etfw\\\">April 8, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The screenshot attached to the tweet shows that the message was received on March 29. It states a change in the bank&#8217;s policy regarding &#8216;virtual currencies like Bitcoin and Ethereum and other digital assets&#8217;.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\u201cThe HSBC InvestDirect platform will not participate in the purchase and exchange of products related to virtual currencies, the bank said. While we allow holding, selling and\/or withdrawing MSTR-US in HSBC InvestDirect, new purchases or fund transfers will be unavailable.\u201d<\/em><\/p>\n<\/blockquote>\n<p>In a subsequent tweet, Camiam lamented that other Bitcoin-friendly companies could also be swept up in the crosshairs. In his view, such a situation runs counter to free-market ideology.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-conversation=\\\"none\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">All of these companies maybe on the chopping block because they hold <a href=\\\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\\\">#BTC<\/a> . This is the opposite of \u00abfree market\u00bb. <a href=\\\"https:\/\/twitter.com\/wsbmod?ref_src=twsrc%5Etfw\\\">@wsbmod<\/a> should be interested in this story! It has ALL the properties of a short squeeze against HSBC! <a href=\\\"https:\/\/twitter.com\/realmaxkeiser?ref_src=twsrc%5Etfw\\\">@realmaxkeiser<\/a> would understand.<a href=\\\"https:\/\/t.co\/4djALjS7UR\\\">https:\/\/t.co\/4djALjS7UR<\/a><\/p>\n<p>\u2014 Camiam\u26a1\ufe0f\u2623\ufe0f (@Camadamus) <a href=\\\"https:\/\/twitter.com\/Camadamus\/status\/1380201339125256192?ref_src=twsrc%5Etfw\\\">April 8, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\u201cThis story should engage the WallStreetBets community!\u201d<\/em>, said a regular on Twitter and an HSBC client.<\/p>\n<\/blockquote>\n<p>According to <a href=\\\"https:\/\/bitcointreasuries.org\/\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\">Bitcoin Treasuries<\/a>, MicroStrategy owns 91,579 BTC, whose current market value exceeds $5.5 billion. In the context of increasing investment in the rising digital gold, the company&#8217;s shares in February reached a new all-time high above the $1,200 level. It is possible that, as a result, many market participants have started to view the MSTR ticker as tools for indirect exposure to bitcoin.<\/p>\n<p>Earlier in January, reports emerged that HSBC <a href=\"https:\/\/forklog.com\/en\/news\/media-hsbc-blocks-transfers-to-cryptocurrency-exchanges\">blocks<\/a> transfers related to cryptocurrency exchanges.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HSBC is reportedly prohibiting clients from buying MicroStrategy shares, which has concentrated a substantial portion of its reserves in bitcoin.<\/p>\n","protected":false},"author":1,"featured_media":40514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1582,1207,1211],"class_list":["post-40513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-hsbc","tag-microstrategy","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"228","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=40513"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40513\/revisions"}],"predecessor-version":[{"id":40515,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40513\/revisions\/40515"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/40514"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=40513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=40513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=40513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}