Vanguard Group's Two Funds Increase Holdings of $707.5 Million in MSTR Stock

Odaily News: Vanguard Group's Value Index Fund (VVIAX) purchased 1.23 million shares of MicroStrategy (MSTR) stock for $202.5 million, marking the fund's first investment in the company that holds 687,410 BTC. Previously, Vanguard Group's Mid-Cap Index Fund (VMCIX) bought 2.91 million shares of the company, valued at $505 million, when MicroStrategy met the mid-cap benchmark. Market opinions are divided on this move; some view it as traditional finance embracing crypto assets, while others point out that it is merely a routine index-tracking action by this institution managing $12 trillion in assets, not an active investment. (Coinpedia)