Oh, The Irony: Vanguard Is Now The Largest Institutional Shareholder Of Bitcoin-Focused Strategy Despite Calling BTC ‘Immature’
2025-07-15 12:03:18
Main Idea
Vanguard, despite its anti-Bitcoin stance, has become the largest institutional shareholder of MicroStrategy (MSTR), a company heavily invested in Bitcoin, highlighting an ironic contradiction in its position.
Key Points
1. Vanguard owns approximately 20 million shares of MicroStrategy (MSTR), an 8% stake worth around $9.26 billion, making it the top institutional holder.
2. MicroStrategy has amassed about 601,550 BTC, valued at roughly $72 billion, serving as a proxy for Bitcoin exposure.
3. Vanguard remains opposed to Bitcoin, refusing to offer spot BTC funds to clients, unlike competitors like BlackRock.
4. Despite appointing Bitcoin-friendly ex-BlackRock executive Salim Ramji as CEO, Vanguard's anti-Bitcoin stance has not changed.
5. Industry commentators, including VanEck's Matthew Sigel and Bloomberg's Eric Balchunas, have noted the irony in Vanguard's position.
Description
Vanguard, known in crypto circles for calling Bitcoin an “immature asset class” that is unsuitable for long-term investors, has emerged as the biggest institutional shareholder of Strategy (MSTR), a company whose business model is built around aggressively accumulating and HODLing the world’s largest and oldest cryptocurrency. Vanguard Becomes Strategy Whale According to Bloomberg, Vanguard now
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