Vanguard investments in the mining industry exceeded $500 million – Bits Media

Vanguard Group Assets increased its share in companies to more than half a billion dollars, involved in the prey of bitcoins.

According to reporting data, submitted to the U.S. Securities and Exchange Commission (SEC), Vanguard Group, which controls assets in the amount of more $7 trillion, increased her share in Marathon Digital by 60%, from 10,9 million to 17,5 million shares, as well as in Riot Blockchain from Colorado on 18%, from 15,2 million to 17,9 million shares.

In total, the additional Vanguard investments in the rally of mining companies exceeded $280 million, and the total volume of investments has reached $560 million.

Several years ago, the administration of the group stated, that long -term investments in the mining sector of the cryptocurrency market are hopeless. However, as of now, Vanguard Group has become the largest shareholder of Marathon Digital.

In the last monthly report, the Marathon Digital mining company reported
investors, what a June 2023 The year was mined 979 The government of Bulgaria demanded a report for the withdrawn cryptocurrency, What's on 599% more, than in June 2022 of the year.