💼 South Korea's National Pension Service Invests Big in MicroStrategy 🚀
The world’s third-largest public pension fund, South Korea’s National Pension Service (NPS), has made a bold move by purchasing nearly $34 million worth of shares in MicroStrategy, a company famous for its massive Bitcoin holdings. This significant investment was revealed in an Aug. 13 filing with the U.S. Securities and Exchange Commission (SEC).
🔍 Key Points:
- Strategic Investment:
NPS, with over $777 billion in assets, bought 24,500 shares of MicroStrategy, a company that has become synonymous with Bitcoin investments.
- Diverse Portfolio:
NPS isn’t just banking on MicroStrategy. The fund also holds stakes in other major players like Coinbase ($51 million), Roblox ($31.5 million), and Jack Dorsey’s Block ($61.5 million).
- MicroStrategy’s Rise:
The company’s stock has surged by 92.5% in 2024, largely due to its ongoing Bitcoin acquisitions. MicroStrategy now holds 226,500 BTC ($BTC ), making it the largest Bitcoin-holding public company.
💬 What do you think about pension funds investing in Bitcoin-related companies?*
Is this a sign of growing institutional confidence in crypto? Share your thoughts! 👇
