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Vanguard Mid-Cap Index Fund Buys $505 Million in MicroStrategy Stock

Vanguard’s $12 trillion asset management unit added 2.91 million MicroStrategy shares worth $505 million to its VMCIX mid-cap fund, according to BitcoinTreasuries.NET.

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Summary

Vanguard Group’s Mid-Cap Index Fund Institutional Shares (VMCIX) has disclosed holding 2.91 million shares of MicroStrategy, valued at approximately $505 million. The revelation, dated January 16 and reported by BitcoinTreasuries.NET, underscores Vanguard’s significant exposure to a Bitcoin-linked company. Vanguard’s asset management division oversees about $12 trillion, making this a notable allocation within its diversified holdings.

Terms & Concepts
  • Index Fund: A type of mutual fund or ETF designed to replicate the performance of a specific market index.
  • Institutional Shares: A class of mutual fund shares targeted at large investors, often with lower fees and minimum investment requirements.