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Vanguard Takes First $505 Million Stake in Strategy as Institutions Step Back In

New positions by major asset managers are reducing tradable supply, supporting a base for the Bitcoin‑linked stock.

Overview

  • VanEck increased its MSTR common‑share holdings to roughly 284,000 and also owns preferred instruments STRK and STRF, with the firm clarifying it was mischaracterized as bearish in a recent report.
  • Bitcoin climbed above $95,000 this week and neared $97,000, a rebound that has coincided with ETF inflows and easing inflation signals and helped MSTR stabilize after steep declines.
  • Index provider MSCI decided earlier this month not to exclude digital‑asset‑treasury companies from its benchmarks, easing the risk of forced selling by passive funds.
  • Board member Carl Rickertsen made a 5,000‑share open‑market purchase at an average price of $155.88, his first since 2022.
  • Michael Saylor posted “Bigger Orange” on X, which analysts view as a hint of a potential purchase larger than last week’s $1.25 billion buy, though the plan is unconfirmed and follows a year of equity and preferred financings alongside a reported $17.4 billion unrealized Q4 loss.