Vanguard Takes First $505M Position in MicroStrategy Amid Institutional Accumulation
Vanguard Group made a decisive $505 million entry into MicroStrategy (MSTR), marking its first-ever position in the business intelligence firm turned bitcoin proxy. The move signals institutional confidence during a period of price stabilization, with MSTR shares holding above $149 despite a descending channel pattern.
VanEck simultaneously expanded its exposure, accumulating 284,000 common shares alongside preferred instruments STRK and STRF. The firm clarified earlier misinterpretations of CEO Jan van Eck's remarks, reaffirming commitment to its position.
At $173.71, MSTR shows textbook compression NEAR the lower bound of its trading range. The accumulation pattern suggests institutional players are building positions during structural consolidation rather than chasing momentum - a potentially bullish divergence from retail trader behavior.