Vanguard可能很快通过GameStop的BTC储备获得比特币暴露

Vanguard可能很快通过GameStop的BTC储备计划获得间接的比特币暴露，这挑战了其长期以来的数字资产缺乏内在价值或稳定性的立场。

Financial giant Vanguard Group may soon have indirect exposure to bitcoin through its holdings in Gamestop (NYSE: GME), marking an unexpected twist in the company’s traditionally cautious approach to cryptocurrency.

金融巨头Vanguard Group可能很快通过其在GameStop（NYSE：GME）的持股中间接暴露于比特币，这标志着该公司传统上谨慎的加密货币方法的意外转折。

Several moves by Gamestop, a company in which Vanguard is among the largest shareholders, have converged to create this unusual situation.

GameStop采取的几项措施是Vanguard是最大的股东之一，已经汇聚在一起，以创造这种不寻常的情况。

As the top institutional stakeholder in Gamestop, Vanguard’s involvement follows the retailer’s unveiling of a strategic shift toward bitcoin.

作为GameStop中最高的机构利益相关者，Vanguard的参与遵循了零售商向比特币进行战略转变的揭幕。

On March 26, Ryan Rasmussen, Head of Research at asset management firm Bitwise, noted the development in a post on social media platform X.

3月26日，资产管理公司Bitwise研究主管Ryan Rasmussen在社交媒体平台X上的帖子中指出了发展。

“Amazing to see Vanguard buying bitcoin via Gamestop.”

“很高兴看到Vanguard通过GameStop购买比特币。”

Rasmussen’s comment was in response to Bitwise’s chief investment officer, Matt Hougan, who pointed out that Vanguard is Gamestop’s largest shareholder.

拉斯穆森的评论是对Bitwise的首席投资官Matt Hougan的回应，他指出Vanguard是GameStop最大的股东。

Good point, Ryan. As of Q4 2023.

好点，瑞安。截至第四季度2023年。

But more importantly, surely no-one at Vanguard would talk about Bitcoin having ‘no role’ in long-term portfolios.

但更重要的是，先锋队当然没有人会谈论比特币在长期投资组合中没有角色。

This quote from Duncan Burns, Head of Investments & Head of Equity Index Group for Asia-Pacific at Vanguard Australia, appeared in December 2024. It was in response to a question from Financial Times.

这一引用来自澳大利亚先锋澳大利亚的投资和股权指数集团负责人邓肯·伯恩斯（Duncan Burns）出现在2024年12月。这是对《金融时报》的一个问题。

— Matt Hougan (@Matt_Hougan) March 26, 2024

-Matt Hougan（@matt_hougan）2024年3月26日

Gamestop revealed a strategic bitcoin reserve plan last week and announced plans to raise funds for it through a convertible bond offering. The company did not disclose how much bitcoin it intends to acquire or the timeline for implementation.

GameStop上周透露了一项战略性比特币储备计划，并宣布了通过可转换债券产品为其筹集资金的计划。该公司没有透露其打算获取多少比特币或实施时间表。

The move signals a broader entry into digital assets and aligns Gamestop with other public companies, such as Microstrategy—now rebranded as Strategy—and Tesla, that have adopted bitcoin as a treasury reserve asset.

此举表明，更广泛地进入数字资产，并将GameStop与其他上市公司（例如MicroStrategy）（现在更名为策略）和特斯拉（Tesla）和特斯拉（Tesla）和特斯拉（Tesla）和特斯拉（Tesla）相结合，这些公司已采用比特币作为财政部资产。

Vanguard’s indirect connection to bitcoin through Gamestop stands in contrast to its established position on digital assets. While other asset managers, including Blackrock and Fidelity, have embraced cryptocurrency through the launch of bitcoin and ether spot exchange-traded funds (ETFs), Vanguard has opted to stay on the sidelines.

Vanguard通过GameStop与比特币的间接联系与其在数字资产上的既定地位相反。尽管其他资产经理，包括贝莱德和富达在内的其他资产经理，通过推出比特币和以太现货交易所交易资金（ETF）来拥抱加密货币，而Vanguard则选择留在场上。

In December 2024, Vanguard reaffirmed its anti-bitcoin stance, highlighting the lack of intrinsic value or stability in digital assets.

2024年12月，Vanguard重申了其反对币的立场，强调了数字资产缺乏内在价值或稳定性。

Duncan Burns, head of investments and head of Equity Index Group for Asia-Pacific at Vanguard Australia, stated that bitcoin had no role in long-term portfolios and warned of potential investor losses.

Vanguard Australia的投资负责人兼股权指数集团负责人邓肯·伯恩斯（Duncan Burns）表示，比特币在长期投资组合中没有作用，并警告了潜在的投资者损失。

Moreover, CEO Salim Ramji, despite prior crypto ETF experience at Blackrock, confirmed that Vanguard would not offer crypto ETFs, emphasizing a focus on core strengths like active fixed income and cost efficiency.

此外，尽管贝莱德（Blackrock）的Crypto ETF经验事先，但首席执行官Salim Ramji证实了Vanguard不会提供加密ETF，强调着专注于诸如主动固定收入和成本效率之类的核心优势。