#Vanguard silently accumulates 505 million USD in Strategy (MSTR) shares – the largest Bitcoin proxy from traditional fund Vanguard – a fund managing over 9,000 billion USD – has just announced a new position worth 505 million USD in Strategy (MSTR) shares.
This is not a direct purchase of $BTC (Vanguard still prohibits buying crypto spot), but proxy exposure through a company holding over 712,000 BTC.
Important significance:
Vanguard seeks to "circumvent" internal regulations by purchasing shares in a Bitcoin treasury company.
By owning MSTR, Vanguard indirectly owns a large amount of BTC without needing to change its policy.
This is clear evidence of the trend of "silent institutional pivot": large funds gradually accumulating exposure to Bitcoin through equity wrappers.
As a result: Bitcoin is becoming an inseparable part of the traditional investment portfolio, albeit still in an indirect form.
Do you think Vanguard will continue to increase its MSTR position? Or is this just a probing step? Comment below! 📈🟠
