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Vanguard Takes First $505 Million Stake in Strategy as Institutions Tighten Float

MSCI’s decision to keep digital‑asset treasuries in its indexes reduces the risk of forced sales.

Overview

  • Vanguard disclosed a $505 million inaugural purchase of MSTR, with total exposure across its funds estimated at about $3.2 billion.
  • VanEck increased its holdings to roughly 284,000 common shares and also owns preferreds STRK and STRF, as its research head rejected claims the firm was bearish on Strategy.
  • MSCI said it will not exclude digital‑asset treasury companies from benchmarks, preserving Strategy’s index inclusion and removing a potential forced‑selling catalyst.
  • Bitcoin traded above $95,000 this week and MSTR shares stabilized around $173, holding above a cited $149 base after recent declines.
  • Strategy’s Bitcoin holdings are about 687,410 BTC, leaving the stock highly sensitive to BTC price moves despite earlier dilution and a large unrealized Q4 loss, with insider Carl Rickertsen recently buying 5,000 shares.