Vanguard’s stake in Bitcoin treasury firm Strive climbs to $51.5 million

The index giant now holds 1.99 million Strive shares, a position driven by passive fund mechanics rather than a crypto bet Vanguard now holds 1.99 million shares of Strive, the Bitcoin treasury company, a stake worth $51.5 million. Vanguard has never offered its own Bitcoin ETF. Its index funds, however, keep acquiring exposure to the asset through other doors. The holding sits in Vanguard’s Total Stock Market Index Fund, known by its ticker VTSAX. That fund tries to mirror the entire investable US equity market. Strive trades on Nasdaq under the ticker ASST. Once a company is listed and included in the index, VTSAX buys it, whether or not anyone at Vanguard has opinions on Bitcoin. The research describes the Strive position as a mechanical, passive outcome of index investing.

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