Vanguard Goes Big on Crypto, Thanks to Index Boom It Unleashed

2025-07-14 20:04:40

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Vanguard Group Inc. executives have made their opinions on crypto clear, calling it an "immature asset class." Yet thanks to the cold logic of index investing, the $10 trillion money-management giant is now the biggest backer of Strategy, the software firm that famously reinvented itself as a proxy for Bitcoin and became a poster child for the industry's ambitions.

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