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Author: Admin | 2025-04-28
Joe Robert Joe Robert Investing For 20+ Years | Managed $150M+ in Real Estate & Crypto | Strategies from millionaires so you can Invest Like the Top 1% Published Jul 18, 2023 Vanguard, one of the largest asset management companies with $7.2 trillion in assets under management, has just made a significant move into Bitcoin mining. The company has invested nearly $620 million in Bitcoin mining firms Marathon and Riot, marking a significant shift in its investment strategy. This move is seen as a significant endorsement of the cryptocurrency industry, particularly Bitcoin mining, which has often been criticized for its environmental impact. The Investment Details: Marathon and Riot The investment was split between two major Bitcoin mining firms, Marathon and Riot. These companies are among the largest and most successful Bitcoin mining operations in the world. Vanguard’s investment has provided them with a significant financial boost, allowing them to expand their operations and increase their Bitcoin mining capacity. A Major Endorsement for Bitcoin Mining Vanguard’s investment is seen as a major endorsement for Bitcoin mining. The company is one of the world’s largest investment management firms, with over $7.2 trillion in assets under management. Its decision to invest in Bitcoin mining firms suggests that it sees significant potential in the industry. This could encourage other major investment firms to follow suit, leading to a surge in investment in Bitcoin mining. Boost for the Industry The investment has had a significant impact on the Web3industry. It has boosted the stock prices of Marathon and Riot, and has also led to increased interest in Bitcoin mining. This could lead to an increase in the number of Bitcoin miners, which would in turn increase the security of the Bitcoin network. Recommended by LinkedIn New Era for Bitcoin Mining Vanguard’s investment could herald a
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