Vanguard Increases Strategy Stake to $255M as MSTR Adds $2.54 Billion Bitcoin

TLDR

• Vanguard’s Mid-Cap Value ETF bought 1.21 million more Strategy shares worth ~$195 million
• Vanguard’s total Strategy holding now sits at 2,043,268 shares, valued at ~$255 million
• Strategy purchased 34,164 BTC for $2.54 billion at an average price of $74,395
• Strategy now holds 815,061 BTC total, overtaking BlackRock’s 802,823 BTC
• MSTR stock fell 0.77% to $165.24 despite the news

Vanguard Group’s Mid-Cap Value ETF has added roughly 1.21 million shares of Strategy to its holdings. The purchase was valued at around $195 million.

Before this transaction, the fund held 832,846 shares. That number has now grown to 2,043,268 shares.

Strategy carries a weight of 0.73% in the Vanguard ETF. The total holding is now valued at approximately $255 million, according to disclosure data.

The VOE ETF saw modest gains following the news. It rose 0.39% to $193.28 during intraday trading on Monday, April 20.

Strategy Overtakes BlackRock in Bitcoin Holdings

On the same day, Strategy announced it had purchased 34,164 Bitcoin for $2.54 billion. The average price paid was $74,395 per coin.

That brings Strategy’s total Bitcoin treasury to 815,061 BTC. The company says its average purchase price across all holdings is $75,527 per Bitcoin.

At current market prices, that treasury is worth over $61.5 billion.

The latest purchase puts Strategy ahead of BlackRock, which holds 802,823 BTC through its iShares Bitcoin Trust. Strategy is now the largest publicly known corporate holder of Bitcoin.

Strategy CEO Phong Le posted on X about the results. He said the company increased its BTC Gain by 82% in one week, bringing the year-to-date figure to $4.97 billion.

MSTR Stock Reaction

Despite the large Bitcoin purchase and Vanguard’s increased stake, Strategy’s stock dropped on the day. Shares fell 0.77% to $165.24 during Monday’s intraday session.

Strategy also reported a BTC yield of 9.5% year-to-date. This measures how Bitcoin holdings have grown relative to shares outstanding.

Vanguard is traditionally seen as a conservative, long-term investment firm. Its increased exposure to Strategy gives it indirect access to Bitcoin without holding the asset directly.

The VOE ETF focuses on mid-cap value stocks. Strategy’s inclusion reflects how Bitcoin-linked equities are appearing more often in traditional investment products.

Strategy has been buying Bitcoin consistently since 2020. It has grown its treasury through a combination of stock sales and debt financing.

The company’s approach links its corporate finances closely to Bitcoin price movements. When Bitcoin rises, Strategy’s balance sheet expands. When it falls, losses can follow.

BlackRock’s Bitcoin holdings sit inside its spot Bitcoin ETF. Strategy holds Bitcoin directly on its corporate balance sheet, which is a different structure.

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