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Then we have Vanguard!  Cheesy

Vanguard, the $10 trillion asset manager has famously refused to touch Bitcoin and other cryptocurrencies while its peers have jumped headfirst in the past year.Vanguard, the $10 trillion asset manager has famously refused to touch Bitcoin and other cryptocurrencies while its peers have jumped headfirst in the past year.

However, Vanguard is the largest shareholder in MicroStrategy (NASDAQ:MSTR), a firm whose value proposition is that it is the most established Bitcoin proxy in the stock market!  Shocked

Vanguard owns more than 20 million shares of all of MicroStrategy’s outstanding class A shares, worth over $9 billion.

The disconnect between Vanguard’s professed cryptocurrency stance and its financial holdings primarily comes from its passive index fund strategies through funds like the Vanguard Total Stock Market Index (NASDAQ:VITSX), Vanguard Extended Market Index (NASDAQ:VIEIX) and the Vanguard Growth Index Fund ETF (NYSE:VUG).

But Vanguard also has exposure to MicroStrategy in some of its actively managed funds. Still, the firm maintains that this is not the result of conviction but the fact that those funds are comprised of stocks chosen by mathematical models.

“God has a sense of humor,” Bloomberg Senior ETF analyst Eric Balchunas told Bloomberg. “Vanguard chose this life. When you have an index fund, you have to own all the stocks, for better or worse, and that includes stocks that you may not like or approve of personally.”

Original archived Re: Edward Jones Policy Against Clients Purchasing/Holding Bitcoin, including ETFs!
Scraped on 26/07/2025, 13:21:39 UTC
Then we have Vanguard!

Vanguard, the $10 trillion asset manager has famously refused to touch Bitcoin and other cryptocurrencies while its peers have jumped headfirst in the past year.

However, Vanguard is the largest shareholder in MicroStrategy (NASDAQ:MSTR), a firm whose value proposition is that it is the most established Bitcoin proxy in the stock market!

Vanguard owns more than 20 million shares of all of MicroStrategy’s outstanding class A shares, worth over $9 billion.

The disconnect between Vanguard’s professed cryptocurrency stance and its financial holdings primarily comes from its passive index fund strategies through funds like the Vanguard Total Stock Market Index (NASDAQ:VITSX), Vanguard Extended Market Index (NASDAQ:VIEIX) and the Vanguard Growth Index Fund ETF (NYSE:VUG).

But Vanguard also has exposure to MicroStrategy in some of its actively managed funds. Still, the firm maintains that this is not the result of conviction but the fact that those funds are comprised of stocks chosen by mathematical models.

“God has a sense of humor,” Bloomberg Senior ETF analyst Eric Balchunas told Bloomberg. “Vanguard chose this life. When you have an index fund, you have to own all the stocks, for better or worse, and that includes stocks that you may not like or approve of personally.”