SCHEDULE: Vanguard Group Amends Strategy Inc. Stake to 8.98%

The Vanguard Group filed an amended Schedule 13G, reporting an 8.98% beneficial ownership in Strategy Inc. following an internal realignment.

Summary

• The Vanguard Group reported beneficial ownership of 24,062,886 shares of Strategy Inc. common stock.
• This represents 8.98% of the class of securities.
• The Vanguard Group holds shared voting power over 2,327,429 shares.
• The Vanguard Group holds shared dispositive power over 24,062,886 shares.
• An internal realignment occurred at The Vanguard Group, Inc. on January 12, 2026.
• As a result of the realignment, The Vanguard Group, Inc. no longer performs portfolio management services or administers proxy voting.
• Certain subsidiaries or business divisions of The Vanguard Group, Inc. are expected to report beneficial ownership separately (on a disaggregated basis) in the future.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is a routine disclosure of beneficial ownership by a large institutional investor, with no new material information regarding Strategy Inc.'s operational or financial performance. The internal realignment at Vanguard is an administrative change for the reporting entity.

Positives

• The Vanguard Group maintains a significant beneficial ownership stake of 8.98% in Strategy Inc., indicating continued institutional interest.
• The filing provides transparency regarding the ownership structure and future reporting intentions of a major institutional investor.

Future Outlook

The Vanguard Group anticipates that certain subsidiaries or business divisions will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on SEC Release No. 34-39538, following an internal realignment on January 12, 2026, where The Vanguard Group, Inc. ceased performing portfolio management services or administering proxy voting.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures by passive institutional investors holding more than 5% of a company's stock. The internal realignment at The Vanguard Group, leading to disaggregated reporting by its subsidiaries, reflects a common practice among large asset managers to streamline compliance and accurately attribute beneficial ownership within complex organizational structures.

Stakeholder Impact

• Shareholders of Strategy Inc. receive updated transparency regarding the beneficial ownership stake held by The Vanguard Group.
• The future disaggregated reporting by Vanguard's subsidiaries will provide more granular detail on institutional holdings for investors and analysts.

Next Steps

• Certain subsidiaries or business divisions of The Vanguard Group, Inc. are expected to report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in future filings.

Key Dates

Keywords

Strategy Inc., The Vanguard Group, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Investment Management