In a surprising turn of events, Vanguard has emerged as the largest institutional shareholder of MicroStrategy (MSTR), holding 20.5 million shares worth approximately $9.26 billion, representing 8.55% ownership of the company. This development marks a shift for the world’s second-largest asset manager, which previously dismissed Bitcoin (BTCUSD) as “an immature asset class.”
The investment positions Vanguard as the top holder in MicroStrategy, the world’s largest publicly listed corporate Bitcoin holder, with 601,550 Bitcoin valued at $74 billion.
