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Vanguard Group surpassed Capital Group to become the largest institutional shareholder in MicroStrategy.

This company is well-known for its significant investment in Bitcoin. With over 20 million shares, Vanguard now owns nearly 8% of MicroStrategy’s Class A common stock. Vanguard’s index investing approach, which involves holding a variety of stocks to mirror specific market indices, explains this development.

Vanguard’s substantial holdings in MicroStrategy give it significant exposure to Bitcoin, despite its previous reservations about the cryptocurrency, which it considered an undeveloped asset class with little history and no inherent economic value. MicroStrategy recently surpassed the 600,000 BTC milestone, demonstrating the success of its reserve asset strategy.

This achievement shows how Bitcoin can be integrated into traditional investment portfolios, even by companies that once hesitated.

Vanguard’s recent move to become MicroStrategy’s largest shareholder is notable given its past concerns about Bitcoin. Previously, the asset manager warned that Bitcoin might be risky for portfolios and unsuitable for long-term investors. Since 2020, MicroStrategy’s stock has surged approximately 3,400 percent, making it one of the top-performing major assets.

The success of its Bitcoin strategy is evident in this performance, despite Vanguard initially being skeptical.

Its sizable holdings in MicroStrategy highlight how the cryptocurrency can be included in standard investment portfolios, even by firms that have traditionally been cautious.