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.

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