šØ
Bitcoin Irony Alert: Vanguard, Crypto Bear, Now Largest Strategy Shareholder!
š»š
In a twist of fate, Vanguard, the $10T asset manager notorious for slamming Bitcoin as āspeculativeā and āimmature,ā has become the largest institutional shareholder of Strategy (MSTR), the worldās most aggressive Bitcoin holder!
š²
Holding over 20M shares (~8% of MSTR), Vanguardās $9.26B stake gives it indirect exposure to Strategyās 601,550 BTC stash, worth ~$70B.
š
This isnāt a change of heartāVanguardās passive index funds, like the Total Stock Market Index, auto-bought MSTR due to its Nasdaq 100 inclusion.
š¤
Critics like VanEckās Matthew Sigel call it āinstitutional dementia,ā as Vanguardās anti-crypto stance (no BTC ETFs allowed!) clashes with its portfolio reality. CEO Salim Ramji doubled down in 2024, saying cryptoās too volatile for clients, yet MSTRās 850% surge in two years proves the marketās laughing last.
šš
Whatās Next? With Bitcoin at $116K and Strategyās stock soaring, Vanguardās stuck HODLing a crypto proxy. Is this a sign TradFiās warming to BTC, or just index fund irony?
š¤·āāļø
#Bitcoin #Vanguard #Strategy #Crypto #BTCWhaleTracker #Write2Earn