**South Korea’s National Pension Service Buys Big in MicroStrategy**

South Korea’s National Pension Service (NPS), the world’s third-largest public pension fund, has made a significant investment in MicroStrategy. The NPS purchased 24,500 shares of the Bitcoin-buying business intelligence firm, totaling nearly $34 million, according to an August 13 SEC filing.

- **Investment Breakdown**:

- **MicroStrategy**: $33.75 million

- **Coinbase**: Over $51 million

- **Roblox**: $31.5 million

- **Block, Inc.**: $61.5 million

MicroStrategy has seen a 92.5% stock price increase this year, climbing above $150 for the first time in over two decades. The company, which started buying Bitcoin in August 2020, now holds 226,500 BTC, valued at around $13.19 billion. This makes it the public company with the largest Bitcoin holdings, far surpassing other major players like Marathon Digital.

In other news, Defiance ETFs has launched a U.S.-based fund targeting a 175% long daily exposure to MicroStrategy, signaling strong market confidence in the company's Bitcoin strategy.