Vanguard’s $505M Strategy Stake Puts Bitcoin-Proxy Stock MSTR Back in Play
Vanguard’s U.S. mid-cap index fund disclosed a $505 million stake in Strategy Inc (MSTR), acquiring about 2.91 million shares, according to Odaily Planet Daily. Strategy shares rose 1.6% premarket to $173.71. The company holds 687,410 bitcoin, valued near $66.5 billion. VanEck also increased its exposure to Strategy through preferred instruments.