Now, I know what you’re thinking. “Vanguard, the stodgy old financial giant, diving into Bitcoin?” But don’t jump to conclusions just yet. Despite their past dismissal of Bitcoin, calling it about as useful as a screen door on a submarine, recent filings with the U.S. SEC paint a different picture. Fancy that!
It seems Vanguard, the folks who’ve long scoffed at digital gold, now hold more than 20 million shares in Strategy Inc. That’s a company with a treasure chest of over 600,000 Bitcoin tucked away—enough to make Scrooge McDuck envious. This little stockpile gives Vanguard nearly 8% ownership in Strategy Inc., putting them on a collision course to overtake Capital Group as Strategy’s top institutional investor. Who’d have thought? 🤑
And before you get too excited, no, Vanguard hasn’t publicly changed its tune on crypto. They’re still playing coy, like a cat with a canary in its mouth. But this sly move suggests they’re starting to warm up to the idea of dipping their toes in the Bitcoin waters—just not by holding the thing directly. Oh no, that’d be too easy. They prefer the traditional route: sneaky stock purchases.
As if the plot weren’t thick enough, this little dance of theirs comes just as Bitcoin hits a new all-time high. Timing, folks. It’s almost like Vanguard knew something was cooking in the crypto kitchen. 💸
So, while Vanguard keeps its lips sealed on its grand crypto strategy, we might be witnessing the dawn of a trend. Imagine it: Wall Street giants, tiptoeing into the digital asset market, without straying too far from their old-school ways. It’s like watching a grumpy old man finally try out an electric scooter—he’s doing it, but don’t expect him to say “whee!” anytime soon.
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2025-07-15 11:17