The US -based investment giant Vanguard Group, known for its anti -Bitcoin attitudes, may have undoubtedly stepped into the Bitcoin market. This is because the company is the largest institutional investor in Gamestop, which accepts Bitcoin as a reserve asset.

Vanguard’s shares are big and the effect is even greater

According to information shared by Bitwise Invest’s investment director Matt Hougan, Vanguard Group is currently the largest institutional partner of Gamestop. The company holds 8.76 percent of Gamestop shares. Blackrock, which comes immediately behind, has a share of 7.79 percent. These rates show that the indirect impact of these giant investment companies in Gamestop’s future strategic decisions is quite high.

As Kriptokoin has reported earlier, Gamestop has taken a remarkable step in recent weeks, making a radical change in investment policy. The company announced that it accepts Bitcoin as an official treasury presence. In this context, the company, which plans to buy Bitcoin with a convertible bond exports of approximately $ 1.3 billion, made digital assets a part of the reserve strategy. This move of Gamestop reminds Microstrategy’s strategy.

Bitcoin invests even if Vanguard does not want

Vanguard is known for his cautious stance against crypto currencies. In spite of Blackrock’s Spot Bitcoin ETF, especially, Vanguard kept its door closed to Bitcoin ETFs. It was remarkable that the company did not show interest in this field despite its assets exceeding $ 10 trillion. However, Gamestop’s new strategy included Vanguard into the influence of Bitcoin, albeit unwillingly. Although the company has not purchased BTC directly, Gamestop, one of the biggest investments in its portfolio, has now become a direct associated company with Bitcoin. This shows that it is inevitable that giant investment organizations want to avoid digital assets, and that they want to step into this field through company investments.

This development shows that it may be inevitable that traditional financial giants try to avoid crypto beings, but indirectly to be involved in this field due to their market dynamics. In particular, the inclusion of public companies such as Gamestop in the reserve strategy may cause investors to reconsider their stance against crypto. Even names like Vanguard may not be completely isolated from this change.