Bitcoin Naysayer Vanguard Makes Bold Bet On Strategy Stock–Details

Description

In a twist that few saw coming, Vanguard has quietly become the top shareholder in Strategy (MSTR). The $10 trillion asset manager now owns just over 20 million MSTR shares. That adds up to nearly 8% of Strategy’s Class A stock. Vanguard once warned that Bitcoin was “immature” and carried “no inherent economic value.” Now it finds itself deeply tied to Michael Saylor’s Bitcoin play. Index Strategy At Work According to a Bloomberg report , Vanguard didn’t set out to back Saylor’s moves. It simply...