Vanguard, a major investment firm, has increased its investment in Bitcoin mining companies Marathon Digital Holdings and Riot Blockchain. Vanguard now holds a significant enough share to be the largest shareholder in both companies, surpassing even BlackRock. This move suggests that traditional finance giants like Vanguard anticipate further increases in the price of Bitcoin. Marathon Digital Holdings’ stock price has risen 1,900% in the past three years, while Riot Blockchain’s stock price has risen 725%. These developments indicate growing interest from institutional investors in the Bitcoin mining industry.
AI Sentiment: Positive