The State of Wisconsin Investment Board has significantly increased its stake in Bitcoin. According to a recent SEC filing, the board now holds 2,898,051 shares of the iShares Bitcoin Trust, valued at $98.9 million as of June 30. This marks a substantial rise from the 2,450,400 shares reported in May. This move reflects growing confidence in cryptocurrency as a viable investment option. By boosting its Bitcoin holdings, Wisconsin joins a growing number of institutional investors embracing digital assets, signaling a positive outlook for the future of cryptocurrencies.

SEC Filing