In a twist that few saw came, Vanguard has silently become the best shareholder in Strategy (Mstr). $ 10 trillion asset managers now own just over 20 million meters. It adds almost 8% of the strategy Class A share. Vanguard once warned that Bitcoin was “immature” and carried “no inherent financial value.” Now it is deeply bound to Michael Saylor’s Bitcoin game.
Index strategy at work
According to a Bloomberg ReportVanguard did not try to reverse Saylor’s movements. It simply follows its rules for index foundations. When the strategy’s warehouse climbed, it became larger in the indexes that the company tracks. The result: Vanguard had to buy more shares.
Through its broad marketing funds, the asset manager ended with a proportion of worth hundreds of millions of dollars. It shows how passive strategies can lead to active positions in unexpected locations.
Vanguard’s CEO Tim Buckley once said that Bitcoin “could do devastation on portfolios.” He claimed that flagship crowns lacked the history and a solid foundation that long -term investors need.
Nevertheless, Vanguard’s own track record of the following index weights means that it cannot avoid a layer that increases. Regardless of the fund’s view of Bitcoin, the rules forced the hand.
Indirect bitcoin -exposure is growing
Strategy now has 601 550 BTC. Each share of MRST represents a piece of the giant pile with bitcoin. For anyone who holds Vanguard’s index, this means indirect exposure for more than half a million coins.
Since 2020, the MRT share has risen about 3,400%. That wave helped to push the company’s market value quickly enough to land at Vanguard’s top holding.
Large investors often use ETFs or custom -built products to get bitcoin exposure. Vanguard could have joined Blackrock to launch a Tot Bitcoin ETF. But that decreased.
Instead, it is maintained a large part of strategy. It makes it an accidental part of the Bitcoin story, even though it was not the path that the company’s managers originally chose.
The fact that Vanguard is now the largest shareholder in $ mstrers is proof that God has humor, or at least it was my reaction to @Vildanahajric who wrote history about it today pic.twitter.com/tlg4iqt3KQ
– Eric Balchunas (@ericbalchunas) July 14, 2025
Institutional support signals shifts
Michael Saylor sees this as a sign that institutions are coming to Bitcoin. He told Bloomberg that Vanguard’s efforts are “a powerful signal” for acceptance.
For several years, many large companies treated Bitcoin as a niche supply. Now they are bound to its wealth through the public shares of the strategy. This shift can encourage others to look closer.
Bloomberg -Analyst Eric Balchuna’s summed the irony of X and said “God has a humor.” He pointed out that Vanguard’s index method means that it must own all shares in its benchmarks – whether it likes them or not.
Image from Pexels, Chart from TradingView
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