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. 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...