Investment giant Vanguard Group has acquired an 8% stake in MicroStrategy, making it the company’s largest institutional shareholder. This position represents approximately 20 million shares.
This significant investment comes despite Vanguard’s previous public criticism of Bitcoin. The asset manager had characterized Bitcoin as an ‘immature asset class’ unsuitable for long-term investment portfolios.
The move signals a strategic shift for Vanguard, indicating evolving institutional attitudes towards gaining exposure to the cryptocurrency sector. MicroStrategy is widely recognized for its substantial Bitcoin holdings and strategy.
As one of the world’s largest asset managers overseeing approximately $10 trillion, Vanguard’s investment in MicroStrategy underscores the growing institutional interest in crypto-related assets.