Vanguard Increases Stake in Peter Thiel-Backed Bitcoin Treasury Company Strive
Vanguard has increased its stake in Strive (Nasdaq: ASST), a publicly traded company backed by billionaire investor Peter Thiel and focused on holding Bitcoin. The Vanguard Total Stock Market Index Fund added 269,200 shares of Strive, bringing the total position to approximately $23.7 million worth of stock. This move reflects growing institutional interest in indirect exposure to Bitcoin. Strive continues expanding its own Bitcoin holdings and recently disclosed purchasing 79 BTC at an average price of around $65,723 per coin. The company aims to increase Bitcoin per share as part of its capital allocation strategy. Strive's CEO has stated the firm intends to keep accumulating Bitcoin despite some peers slowing down their purchases. Vanguard’s increased investment in Strive comes amid broader engagement with digital assets and follows a recent job posting for a head of digital assets, signaling potential long-term interest in the sector.
Tickers: $ASST
Topics: Bitcoin digital assets Strive Vanguard