Vanguard, UBS, BoFA Increase MSTR Stock Exposure Amid Strategy’s Bitcoin Accumulation
Highlights
- Strategy's top institutional shareholders increased their positions in the MSTR stock in the first quarter.
- Their combined holdings increased by 27%.
- These shareholders include Vanguard, BlackRock, UBS, and Bank of America.
Strategy’s top institutional shareholders significantly increased their MSTR stock holdings in the first quarter of this year, with Wall Street giants such as Vanguard, BlackRock, and Bank of America among them. This comes as the Bitcoin treasury firm accelerates its BTC purchases through its preferred stock STRC.
Strategy’s Top Institutional Shareholders Increase Their MSTR Stock Exposure
In an X post, Strategy’s CEO Phong Le revealed that 13 of the top 15 institutional shareholders added to their MSTR positions in the first quarter of this year. Their combined holdings increased by 27%, even as MSTR stock declined at the start of the year alongside Bitcoin.
13 of the top 15 institutional shareholders of $MSTR added to their positions in Q1 2026. Combined holdings increased 27%. pic.twitter.com/09Gd2x2how
— Phong Le (@phongle) May 20, 2026
The crypto stock has since recovered and is up over 6% year-to-date (YTD), according to TradingView data. Meanwhile, these top Strategy shareholders include Capital International Investors, Vanguard, UBS, Bank of America, State Street, and BlackRock.
Capital International Investors increased their MSTR stock position by almost $2 billion in the first quarter, while Vanguard increased its position by almost $1 billion. UBS, BoFA Global Research, and State Street increased their positions by $35 million, $18 million, and $159 million, respectively.
Meanwhile, as CoinGape reported, BlackRock invested another $535 million in Strategy, boosting its MSTR stake to 3.4%. This represents a 21.5% increase in its stake from the previous quarter, signaling confidence in Strategy’s Bitcoin accumulation model.
Capital Research Global Investors, Geode, Capital World Investors, Marex Group, Defiance ETFs, and Harvest Portfolios Group make up the other 13 top shareholders, which increased their MSTR stock positions. Defiance ETFs notably increased their position by $511 million.
Strategy Increases Their Bitcoin Holdings
This move by the Strategy shareholders comes as the Bitcoin treasury firm accelerates its BTC purchases. As CoinGape reported, Michael Saylor announced another $2 billion BTC purchase earlier this week, bringing the company’s holdings to 843,738 BTC.
As Strategy accelerates its Bitcoin accumulation, Polymarket data indicate a 50% chance the company could announce it holds 1 million BTC by the end of the year. This would bring it closer to overtaking Satoshi Nakamoto’s Bitcoin holdings. These purchases have boosted MSTR stock, as Strategy has leaned heavily on STRC stock to fund them while avoiding further dilution of MSTR shares.
Meanwhile, there is also the possibility that Strategy could sell some of its Bitcoin holdings this year to fund dividend payments for STRC holders. Further data from Polymarket show a 63% chance that the company will sell some of its BTC holdings by June 30 and an 84% chance that it will sell some coins by December 31.
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