Vanguard Increases Stake in Bitcoin Mining Companies
Ownership of Riot and Marathon Now Valued at $500 Million
Significant Investment Indicates Growing Institutional Interest in Cryptocurrency Mining
Vanguard Group, the world's second-largest asset manager with $72 trillion in assets, has significantly increased its investments in Bitcoin mining companies Riot Blockchain and Marathon Digital Holdings. The firm now owns over $500 million worth of shares in these two companies, signaling a growing interest in cryptocurrency mining from institutional investors.
Vanguard first invested in Riot Platforms in early 2022, acquiring a 4.9% stake in the company. It has since increased its ownership to 10.24%. The firm's investment in Marathon Digital is valued at approximately $305.73 million, representing a 10.31% stake.
These investments highlight the growing institutional interest in cryptocurrency mining. As Bitcoin and other digital assets continue to gain mainstream adoption, mining companies are becoming increasingly attractive to investors seeking exposure to the cryptocurrency market.
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