Bitcoin Skeptic Vanguard Group Becomes Major Shareholder of Strategy, Holding Over 20,000,000 Shares

According to The Block, despite the Vanguard Group's public criticism of Bitcoin as an "immature asset" unsuitable for long-term investors, the giant managing $10 trillion in assets has become a major shareholder of Strategy (formerly MicroStrategy) through its funds, holding 20,000,000 shares, accounting for 8% of the outstanding shares.

Vanguard Group is likely to surpass Capital Group in the fourth quarter to become the largest shareholder of Strategy. Strategy, co-founded by Michael Saylor, is a major holder of Bitcoin. The company recently purchased 4,225 Bitcoins, bringing its total holdings to 601,550.