Despite having called Bitcoin an “immature asset class” that is inappropriate for long-term investors, Vanguard Group has become the largest shareholder in Strategy, according to a report from Bloomberg.
Through its funds, the $10-trillion money manager owns 20 million Strategy shares or 8% of the outstanding common stock, according to a Bloomberg chart. Vanguard most likely passed Capital Group Cos. to become the top shareholder of Strategy shares during the fourth quarter, the report said.
Strategy (ticker MSTR), formerly known as MicroStrategy, has become a proxy bet for Bitcoin as the company’s chief business proposition has been acquiring BTC. Consequently, Strategy’s share price has risen in unison with the price of Bitcoin, driving other companies to pursue crypto treasury strategies.
With multi-billion-dollar spot Bitcoin ETFs issued by Wall Street giants like BlackRock and Fidelity, and nations all around the world adopting or embracing not only BTC but digital assets in general, demand has never been greater. Bitcoin earlier today hit an all-time high and surpassed the $120,000 level.
Also on Monday, Strategy, which is co-founded by executive chairman Michael Saylor, purchased another 4,225 BTC for approximately $472.5 million at an average price of $111,827 per Bitcoin, bringing its total holdings to 601,550 BTC.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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