Vanguard Goes Big on Crypto With This Investment

What You Need To Know

• It owns about 8% of the Class A common stock of Strategy, which makes large-scale bets on Bitcoin.
• Its biggest stake in the company is in its $1.4 trillion Total Stock Market Index Fund, which has 5.7 million shares, worth roughly $2.6 billion.
• Strategy’s rally means that even if Vanguard’s stash of shares may not have been intentional, the ownership has paid off handsomely in recent years.