Vanguard, the $11 trillion asset management giant, has invested $4.02 million in KindlyMD, a company known for its substantial Bitcoin reserves. This strategic investment grants Vanguard exposure to 5,765 BTC, valued at approximately $653 million.
The move underscores a growing trend among institutional investors to incorporate Bitcoin into their portfolios as a means of diversification and value preservation. KindlyMD's significant Bitcoin holdings offer a pathway for traditional financial institutions to gain crypto exposure without direct ownership, potentially signaling a shift towards broader adoption of Bitcoin reserve strategies.
Vanguard Invests $4M in KindlyMD for Bitcoin Exposure
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