Vanguard Group’s Increased Stake in Bitcoin Mining Firms Signals Potential for More Institutional Investment

Buy Alert: Invest in This Coin Before… [Details Inside]

Sponsored

When Ian King recommended Binance on May 4, 2020, he knew it'd soar higher … and sure enough, it went up 1,061%. When he recommended Solana on December 17, 2020, he knew it'd soar higher … and sure enough, it went up 1,934%. And when he recommended Terra on December 17, 2020, he knew it'd soar higher … and sure enough, it went up 18,325%. Perhaps what's most amazing of all – these gains came within a year. Here's why I'm telling you this… Today, Ian issued a new “buy alert.” He's calling this one “the greatest investment in history,” and adds: “All my data is clear. It will be 20X bigger than bitcoin.” But you'll want to invest before the upgrade date. Click Here to See How You Can Buy This Coin With as Little as $20 P.S. Cathie Wood says this Next Gen Coin could rally 7,200% by the end of the decade. Get all the details on this coin by going here.


The Vanguard Group, a $7 trillion asset management behemoth, has recently increased its stake in Riot Blockchain (NASDAQ: RIOT), the world's largest Bitcoin mining company, to 10.24%. This move, along with other significant investments in the sector, signals a potential shift in institutional sentiment towards cryptocurrencies and their underlying technology.

Vanguard's Growing Interest in Bitcoin Mining

According to a recent filing with the Securities and Exchange Commission (SEC), Vanguard has increased its holdings in Riot Blockchain from 15.2 million shares to 17.9 million. With Riot's current share price, this stake is valued at approximately $295 million.

In addition, Vanguard has also expanded its position in Marathon Digital, a competing Bitcoin mining firm. The asset manager increased its holdings from 10.9 million shares to 17.5 million, bringing its investment in Marathon Digital to a similar value as its Riot stake, at $296 million.

These investments mean that Vanguard's total stake in Bitcoin mining firms now exceeds $500 million, a significant sum even for a firm of Vanguard's size.

Performance of Bitcoin Mining Firms

Both Riot and Marathon have seen their share prices increase by approximately 400% year to date, outperforming the already strong gains of Bitcoin (BTC) itself. This performance mirrors the trajectory of other mining firms, indicating a broader trend in the sector.

Riot, like many other mining firms, has invested tens of millions of dollars into expanding mining infrastructure capacity this year. This move is in preparation for Bitcoin’s “halving” next year, an event that is widely believed to catalyze Bitcoin bull markets.

A Change of Heart?

Interestingly, Vanguard's increased investment in Bitcoin mining firms comes despite the firm's previous skepticism towards cryptocurrencies. Two years ago, Vanguard claimed on its site that the investment potential in cryptocurrencies is “weak”. However, its half-a-billion dollar stake in the mining industry may indicate a change of heart.

This shift is not unique to Vanguard. Fellow asset manager BlackRock has also grown more fond of the industry with time. Once a skeptic, CEO Larry Fink likened Bitcoin to “digital gold” earlier this month, shortly after his firm applied to launch the first Bitcoin spot ETF in the United States.

Conclusion

Vanguard's increased stake in Bitcoin mining firms, along with similar moves by other asset management giants, could signal a broader shift in institutional sentiment towards cryptocurrencies. As these firms continue to invest in the sector, we could see more institutional investment flowing into the space, potentially driving further growth in the industry. This is a trend that investors should monitor closely.


FedCoin is Here (2023-????)

Sponsored

Hey there, friend…

Is the U.S. dollar headed to the slaughterhouse?

Given the sudden emergence of a Fed-backed digital dollar (a.k.a. FedCoin)…

I'd say kiss the greenback goodbye. See, FedCoin isn't just theoretical anymore…

So what will FedCoin look like?… feel like?… how will it affect your wealth?… your day-to-day finances?… your investment portfolio?

I wouldn't wait to find out… Because once FedCoin arrives…

Every dollar you own could be under Fed control.

Click here before July 31.

FedCoin's underlying platform is able to process up to 1.7 million transactions per second – with 99% of all transactions completing in under a second.

So if you're a profit-motivated person…

I urge you to get positioned ahead of FedCoin's arrival… because early investors have a shot to top some of the market's biggest winners lately (i.e. gains of 182%… 373%… even 747%).

For those looking to amass wealth in 2023, ask yourself…

“Can I afford to miss such a major wealth event?”

Decide quickly, because time is running low.

Click here for the urgent details.

P.S. – America's “digital reset” isn't happening in a vacuum…

Every country of economic importance – i.e. places like the United Kingdom… Mexico.. Canada… Japan… and France – are developing their own FedCoin, which could impact over $1.25 quadrillion in global assets.

Is your portfolio positioned, accordingly? Because whenever currencies undergo a “reset”… Investment profits tend to be stratospheric. If you're ready for a sneak peek at FedCoin… to see how it could function… to prepare for its deep impact on society… simply click the image (below).

$2 EV Stock No One's Talking About

This company is a sneaky EV play that no one’s talking about. They’re producing an odd variation on the traditional EV that has consumers raving.

Enter your email address to receive this company’s name and ticker symbol for free.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

$30 Stock Freaking Out Billionaires

This stock is an industry leader in a robotics technology that is freaking out billionaires (trading for just $30).

Enter your email address to receive this company’s name and ticker symbol for free.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

The Best TaaS Stock Right Now

This company is set to corner the market in a self-driving technology that  could fundamentally change our entire society – much like the internet did.

Enter your email address to receive this company’s name and ticker symbol for free.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Up to 20,000 IPOs All in One Day

A radical $2.1 quadrillion shift is coming to the financial markets.

Some are calling it G.T.E. and Mark Cuban, Elon Musk, Richard Branson, and even banks like J.P. Morgan are invested in the tech behind it.

Just $25 could get you in alongside these billionaires. 

Enter your email address to receive the video that reveals it all.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

53-cent Biotech Stock with $2 Price Target

Steve Cohen, the billionaire stock picker known for running one of the most successful hedge funds ever, has poured millions into the first stock, and it’s trading for only 53 cents.

Enter your email address to receive this company’s name and ticker symbol for free.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works