Reported about 18 hours ago
In a surprising development, Vanguard, known for its skepticism toward Bitcoin, has become the largest shareholder in MicroStrategy, a company heavily invested in Bitcoin. With over $9 billion in MicroStrategy shares, Vanguard's holdings reflect a contradiction between its public stance on cryptocurrency and its financial strategies, where passive index funds inevitably include Bitcoin-related stocks. Critics point out that this irony could alienate investors seeking exposure to cryptocurrencies despite Vanguard's traditional investment philosophy.
Source: YAHOO