The post Vanguard Invests in MicroStrategy appeared first on Coinpedia Fintech News Vanguard Group’s Value Index Fund (VVIAX) bought 1.23 million MicroStrategyThe post Vanguard Invests in MicroStrategy appeared first on Coinpedia Fintech News Vanguard Group’s Value Index Fund (VVIAX) bought 1.23 million MicroStrategy
Vanguard Invests in MicroStrategy
The post Vanguard Invests in MicroStrategy appeared first on Coinpedia Fintech News
Vanguard Group’s Value Index Fund (VVIAX) bought 1.23 million MicroStrategy (MSTR) shares for $202.5 million, marking its first investment in the Bitcoin-focused company holding 687,410 BTC. Earlier, Vanguard’s Mid-Cap Fund (VMCIX) acquired 2.91 million shares worth $505 million as MSTR reached mid-cap benchmarks. While some see this as traditional finance warming up to crypto, others note it’s likely routine index tracking by the $12 trillion firm rather than an active investment bet.
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