Bitcoin Basher Vanguard Becomes Largest Shareholder In BTC Titan Strategy (MSTR)

Vanguard, the $10 trillion asset manager that says Bitcoin has no economic value and denies clients access to spot BTC ETFs (exchange-traded funds) on its platform, has become the largest institutional holder of Strategy (MSTR), the biggest corporate buyer of Bitcoin.

Vanguard now owns more than 20 million Strategy shares, or more than 8% of the company’s equity worth about $9.26 billion, according to Bloomberg. 

Strategy

Vanguard’s MSTR Allocation Shows “God Has A Sense Of Humor”

The company’s exposure to MSTR comes from its passively managed index funds that automatically include stocks when they meet certain criteria. 

MSTR is now featured in Vanguard’s Total Stock Market Index Fund (VITSX), the Vanguard Extended Market Index Fund (VIEIX) and the Vanguard Growth ETF (VUG).

That comes after Vanguard continues to openly bash the leading crypto for not having “inherent economic value,” labeling it as an “immature asset class” that is not “appropriate” for long-term investors.

“The fact that Vanguard is now the largest shareholder of $MSTR is proof that God has a sense of humor,” said Bloomberg ETF analyst Eric Balchunas in an X post yesterday.

“Indexing into $9 billion of what you openly mock isn’t strategy,” said VanEck head of digital asset research Matthew Sigel in an X post. “It’s institutional dementia.”

Strategy’s BTC Holdings Surpass 600K After Latest Buy

MSTR’s inclusion into Vanguard’s funds came after Strategy announced another Bitcoin purchase. 

Michael Saylor, the company’s Executive Chair, confirmed the BTC buy, announcing his firm bought another 4,225 Bitcoin for around $472.5 million.

That latest purchase has pushed Strategy’s BTC holdings to 601,550 BTC, data from Bitcoin Treasuries shows. 

Meanwhile, data from SaylorTracker shows Strategy is sitting on over $27.2 billion in unrealized profits with its Bitcoin stash.

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