Vanguard Group, which manages $10 trillion in assets, has emerged as the leading shareholder of Strategy (formerly MicroStrategy), despite its previous stance that Bitcoin (BTC) is an “immature asset” unsuitable for long-term investment. According to Bloomberg, the fund structure acquired 20 million shares of Strategy, amounting to 8% of the company’s total equity.
The company, previously known as MicroStrategy, is one of the most prominent public holders of Bitcoin. Its business strategy is centered around increasing its crypto reserves, and its stock price tends to move in direct correlation with the BTC market. Based on the report, Vanguard overtook Capital Group and likely became Strategy’s largest institutional investor in the fourth quarter.
Bitcoin Rises and Strategy Buys More
Following Bitcoin’s record-breaking surge past $123,000, Strategy increased its reserves again. On Monday, the company purchased an additional 4.225 BTC worth approximately $472.5 million. The average purchase price was $111.827 per coin. Strategy’s total holdings now amount to 601.550 BTC.
The fund continues to pursue its investment model, linking the company’s market capitalization to the long-term growth of digital gold. This approach is also being adopted by other Wall Street players: BlackRock, Fidelity, and others have already launched spot Bitcoin ETFs worth billions of dollars.
So despite its historically cautious rhetoric toward crypto assets, Vanguard has become one of the key beneficiaries of Bitcoin’s rally through indirect exposure via Strategy.
Earlier: "Sell a Kidney, But Hold Bitcoin": Saylor on BTC Dropping Below $80K
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