Vanguard Boosts Bitcoin Exposure with $195M MSTR Stock Buy

Vanguard Group’s Mid-Cap Value ETF (VOE) has increased its investment in Michael Saylor-backed Strategy (MSTR). It gives a boost to its exposure to Bitcoin-linked equities.

Vanguard ETF Increases Stake In Strategy’s MSTR Stock

Vanguard’s latest disclosure indicates that the ETF has purchased 1,210,422 more shares of MSTR in the last quarter. The new stake in Strategy was worth around $195 million. Prior to this transaction, the fund had 832,846 MSTR shares, which has now grown to 2,043,268 shares.

The portfolio breakdown snapshot data indicates Strategy has a weight of 0.73% in the Vanguard ETF. The holding is worth $254.99 million, per the disclosure.

After the acquisition, the VOE ETF witnessed slight gains in the intraday trading session today. It gained 0.39% to $193.28 at press time on Monday, April 20.

Strategy Buys More BTC

The rise in Vanguard ETF exposure comes as the Michael Saylor-led Strategy keeps growing its Bitcoin treasury. The company provided an update on April 20, stating that it has acquired 34,164 BTC at a price of $2.54 billion. The purchase was at an average of $74,395 per Bitcoin.

Following the recent purchase, Strategy revealed that it owns a total of 815,061 BTC. The firm noted that its total Bitcoin holding was acquired at an average of $75,527. It equates to a treasury of over $61.5 billion at the current market prices.

The new purchase ranks Strategy as a leader over BlackRock in terms of Bitcoin holdings. According to the publicly available data, BlackRock owns 802,823 BTC in its iShares Bitcoin Trust.

Furthermore, Strategy boasts a BTC yield of 9.5% year-to-date, which indicates impressive returns. On X, Strategy CEO Phong Le remarked, “In one week, Strategy increased BTC Gain by 82% to $4.97 billion for the year. This reflects the reflexive power of combining appreciating bitcoin (digital capital) with accretive financing (digital credit).”

However, the reactions in the market were subdued. Despite the treasury expansion, the MSTR stock dropped by 0.77% in the intraday trading session to $165.24 on Monday.