Vanguard Quietly Dominates MSTR Holdings via Index Funds—While Publicly Shunning Bitcoin
Wall Street's favorite irony just got richer. Vanguard—the asset manager that famously avoids crypto like a medieval plague—now holds more MicroStrategy (MSTR) shares than any other institution. All through the backdoor of passive index funds.
How? The firm's $7T empire of index products automatically scoops up MSTR as the company keeps doubling down on Bitcoin treasury plays. Poetic justice for a fund that still warns investors about 'speculative' digital assets.
Bonus jab: Nothing says 'prudent investing' like profiting from crypto volatility while telling clients not to touch it. The index fund giveth, and the prospectus taketh away.