Vanguard’s significant stake in Gamestop opens the door for indirect exposure to Bitcoin. This change indicates a notable shift in Vanguard’s traditionally cautious stance regarding cryptocurrency as Gamestop plans to establish a Bitcoin reserve.
On March 26, financial analyst Ryan Rasmussen highlighted Vanguard’s potential Bitcoin involvement via Gamestop’s reserve plans. Gamestop plans to raise funds for this initiative, aligning itself with companies like Microstrategy and Tesla.