The Total Stock Market Index Fund disclosed a roughly $50 million increase in MSTR holdings, lifting the position to about 10.5 million shares valued near $993.5 million.
Vanguard Group’s Total Stock Market Index Fund (VTSAX) increased its holding in Strategy by about 529,100 shares, taking its position to roughly 10.5 million MSTR shares worth around $993.5 million. The added stake was valued at about $50 million. The disclosure draws attention because Strategy, formerly known as MicroStrategy, is widely viewed as a Bitcoin-linked equity proxy after building the largest corporate Bitcoin treasury. Vanguard has previously declined to offer spot Bitcoin ETFs on its brokerage platform, yet its passive index-tracking approach means it still buys Strategy when the stock is included in benchmark indexes. That dynamic leaves a large pool of Vanguard capital indirectly tied to Bitcoin’s price moves through a single company.