Strategy has revealed its top ten shareholders among asset management firms. Vanguard is number one,

MicroStrategy Lifts the Hood: Vanguard, BlackRock, Morgan Stanley Top Shareholder List

Strategy, the Bitcoin treasury firm formerly known as MicroStrategy, just gave the world a peek at its cap table. In a post on X, they broke down the top ten institutional shareholders. The numbers are in billions, and the names are familiar.

• The Vanguard Group – 8.12% | $3.18B

• Capital Research & Management – 7.7% | $3.02B

• BlackRock Fund Advisors – 3.64% | $1.43B

• Capital Research & Management – 2.62% | $1.03B (yes, they appear twice)

• SSGA Funds Management – 2.29% | $897M

• Morgan Stanley – 2.08% | $815M

• UBS Securities – 2.02% | $793M

• Amundi Asset Management SASU – 1.77% | $693M

• Geode Capital Management – 1.46% | $573M

• Norges Bank Investment Management – 1.32% | $517M

So yeah, the big players are in. Vanguard alone holds over $3 billion worth of MSTR. Between them, the top ten are sitting on a massive chunk of the company. Not bad for a firm that bet the farm on Bitcoin.