Reported 2 days ago
Vanguard has emerged as MicroStrategy’s largest institutional shareholder, owning 20.5 million shares worth about $9.26 billion. This move marks a significant change for Vanguard, which has previously been skeptical of Bitcoin. MicroStrategy, the largest corporate holder of Bitcoin, has seen its stock soar over 3,700% in five years due to its aggressive Bitcoin acquisition strategy. While 11 out of 13 analysts recommend a 'Strong Buy' for MSTR, potential investors should weigh the risks of investing in highly leveraged Bitcoin strategies against direct exposure through ETFs.
Source: YAHOO