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Posted on 07/14/2025 12:52:53 PM PDT by NoLibZone
Despite having called Bitcoin BTC +0.59% an "immature asset class" that is inappropriate for long-term investors, Vanguard Group has become the largest shareholder in Strategy, according to a report from Bloomberg.
Through its funds, the $10-trillion money manager owns 20 million Strategy shares or 8% of the outstanding common stock, according to a Bloomberg chart. Vanguard most likely passed Capital Group Cos. to become the top shareholder of Strategy shares during the fourth quarter, the report said.
Strategy (ticker MSTR), formerly known as MicroStrategy, has become a proxy bet for Bitcoin as the company's chief business proposition has been acquiring BTC. Consequently, Strategy's share price has risen in unison with the price of Bitcoin, driving other companies to pursue crypto treasury strategies.
With multi-billion-dollar spot Bitcoin ETFs issued by Wall Street giants like BlackRock and Fidelity, and nations all around the world adopting or embracing not only BTC but digital assets in general, demand has never been greater. Bitcoin earlier today hit an all-time high and surpassed the $120,000 level.
Also on Monday, Strategy, which is co-founded by executive chairman Michael Saylor, purchased another 4,225 BTC for approximately $472.5 million at an average price of $111,827 per Bitcoin, bringing its total holdings to 601,550 BTC.
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"While the discussion about bitcoin and cryptocurrencies, in general, has increased recently, we do not currently believe that there is an appropriate role for them to play in long-term portfolios."
I agree with the Vanguard 2024 assessment.
And you are giving up many multiples of gains the rest of us are enjoying.
perhaps
but how can you tell if your account isn’t just some scam or prank operated by some teenager in his mama’s basement?
what backs up your account “assets?”
just curious, not challenging your right to send your $ there
incidentally, almost the same questions apply nowadays to the unbacked fiat currencies like, regrettably, the modern US Dollar (and especially the “Euro” which is issued without even a sovereign pretending to back it with any real assets)
You don’t trust Vanguard?
Fidelity?
If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
Currently, I buy my bitcoin and other alt coins through CashApp and Venmo/PayPal.
In the past, I bought a bitcoin at $350, used a little over half and then let it sit. A couple years later, it was over $25,000 and I took my family to Disney World on it.
I am way ahead. I have bought more and sold on various exchanges over the years, including stock based on it.
In answer to your final question, that is why I have my money spread over many areas.
I have stocks
I have bitcoin and other alt coins
I have physical silver and a little gold
I have other collectibles that have value.
I keep some cash at home
I do as much as possible to spread my assets around.
My house is paid off
My cars are paid off
There are a group of people who come on to every Bitcoin thread and post the same crap from 2010.
How many posts do we have to get to heard about the EMP concern. LOL?
It’s best to ignore them. They are either intentionally obtuse or just contrary.
You have your own private key to your Bitcoin assets on the Bitcoin blockchain. Best practice is to back up your “key” in several places like an S.D. box at the bank, etc.. Do not give your private keys to “...some teenager in Mama’s basement...” 😉
The Bitcoin blockchain is maintained/”mined” worldwide by thousands of nodes (including one at my home) and at large financial institutions. Any one node can restore/recall all the Bitcoin transactions made all the way back to 2009.
Some safer (safer than exchanges like Coinbase) private key storage options:
The “Free People’s Currency” (original Bitcoin Whitepaper from Satoshi N. after the 2008 “GFC”):
https://www.bitcoin.com/satoshi-archive/whitepaper/
Bitcoin Course:
https://learn.saylor.org/mod/page/view.php?id=30687
interesting that they don’t agree with it anymore
tulips!
Today you could by 200,030 nice fat tulips for one bitcoin. That’s up about 20% for the year.
EMP is sooooooo last month! It’s quantum computing now, dontcha know? Next month it’ll be AI, the month after it’ll be Captain Crunch whistles, the next month... lol
So my vote’s for “just contrary”. If we’re all such idiots, I don’t get why they bother trying to “educate” us, arguing with a pig and the like.
trust is a big word
such well-known companies don’t steal from their customers so far as I’ve heard
or did you mean, trust any advice they may give?
(I’d say, listen...and verify...don’t just follow every recommendation they give out...)
congrats! wounderful!
(I’d be diversifying out to other types of assets and not always doubling down on the same thing, but then I am either prudent, cautious, wise, or chicken... your choice)
smiles
thank you. i need to learn more and will look at what you’ve so kindly provided
cheer,
fhc
sounds GREAT!
that’s sorta what I was suggesting people do, diversify prudently and not put 100 percent into just one thing
thanks
great!
and I haven’t been to Disneyworld so maybe my investing system needs a bit more pizazz
thanks
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