Vanguard Takes $9B Stake to Become Largest Shareholder in #Bitcoin -Holding Strategy Inc.
Investment giant Vanguard has become the largest shareholder in Strategy Inc., the most prominent corporate holder of Bitcoin.
Vanguard Group, the world’s second-largest asset manager, became the biggest institutional shareholder in Strategy Inc. (aka MicroStrategy), despite the firm’s repeated warnings against investing in cryptocurrencies.
For context, the $10 trillion asset manager has acquired more than 20 million shares of Strategy, giving it nearly an 8% stake in the company’s Class A stock. Notably, the stake is worth approximately $9.26 billion.
Meanwhile, the position was not the result of a direct bet on Bitcoin but an outcome of Vanguard’s passive index-tracking strategy. #Crypto
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