Vanguard’s Bitcoin Bet: A Descent into the Abyss?

Oh, what a curious spectacle! The Vanguard Group, that paragon of prudent capitalism, has cast its gaze upon the siren song of MicroStrategy, a company whose very name echoes with the metallic clang of Bitcoin‘s promise. Behold, the Value Index Fund (VVIAX) has plucked 1.23 million shares from the abyssal depths of the market, parting with a sum of $202.5 million-a pittance, no doubt, to a firm worth $12 trillion. What madness drives this behemoth? Is it the allure of digital gold, or merely the cold, calculating machinery of index tracking, a mere tick in the grand ledger of the market? And lo, the Mid-Cap Fund (VMCIX) has followed suit, acquiring 2.91 million shares for $505 million, as if the very air were thick with the scent of crypto’s holy grail. Some whisper of a new dawn for traditional finance, while others scoff, for what is this but the soul of capitalism quivering, trembling, and finally, perhaps, embracing the void? A tale of greed, despair, and the eternal dance between reason and madness, where even the most stoic institutions are not immune to the siren call of the unknown.

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2026-01-20 16:52