4M
...
South Korea’s National Pension Service (NPS), the third-largest pension fund globally by assets, has expanded its stake in the crypto market by purchasing $33.7 million worth of MicroStrategy shares in the second quarter of this year. This strategic move comes as NPS continues to increase its indirect exposure to bitcoin.
The pension fund’s recent report to the U.S. Securities and Exchange Commission (SEC) revealed the acquisition of 24,500 MicroStrategy shares. This follows NPS’s earlier investment in Coinbase, where it held 229,807 shares valued at approximately $51 million by the end of June.
MicroStrategy, known as the largest corporate holder of bitcoin with 226,500 BTC, remains a significant player in the crypto space. The SEC’s recent approval of the first leveraged exchange-traded fund targeting MicroStrategy highlights the growing institutional interest in bitcoin, aligning with NPS’s strategic investments.
