EddieJayonCrypto
27 Mar 25
Matt Hougan, chief investment officer at Bitwise Invest, has noted that Vanguard Group is the top institutional holder of GameStop, controlling 8.76% of the company's shares, with BlackRock coming in second place with 7.79%. GameStop recently changed its investment policy, adding Bitcoin as a treasu...
Vanguard Group holds 8.76% of GameStop shares, while BlackRock holds 7.79%. GameStop has added Bitcoin to its treasury reserve assets and is raising $1.3 billion for purchases through a convertible note offering. Vanguard's anti-crypto stance contradicts GameStop's move to invest in Bitcoin. Matt Hougan, chief investment officer at Bitwise Invest, has highlighted Vanguard Group as the top institutional holder of GameStop, controlling 8.76% of the company's shares, with BlackRock in second place at 7.79%. Vanguard's refusal to engage with Bitcoin ETFs contrasts with BlackRock's success in this area. "Vanguard buying bitcoin via GameStop is amazing," commented Ryan Rasmussen, head of research at Bitwise Invest.
GameStop's shift in investment policy to include Bitcoin as a treasury reserve asset has led to a $1.3 billion convertible note offering to fund its Bitcoin purchases, mirroring a strategy employed by Strategy co-founder Michael Saylor. In contrast, Vanguard, with its $10.4 trillion assets, has maintained an anti-crypto stance and has not ventured into Bitcoin ETFs despite BlackRock's achievements in this domain.