Reported about 8 hours ago
Vanguard Group Inc., traditionally critical of cryptocurrencies, has become a major investor in the software firm Strategy, which has substantial Bitcoin holdings. This ironic shift follows the company's stance against crypto, previously expressing that Bitcoin is not suited for long-term investors. With over 20 million shares of Strategy, valued at approximately $9.26 billion, Vanguard showcases the growing institutional support for Bitcoin, even as it maintains its primary focus on low-cost index funds.
Source: YAHOO