PANews reported on September 30 that according to Money Today, the National Pension Service (NPS) of South Korea has clarified that its investment in companies such as Coinbase and MicroStrategy is not for the purpose of investing in cryptocurrencies such as Bitcoin. Instead, these companies were included in the NPS portfolio by chance and were related to their presence in the benchmark index tracked by NPS or the decisions of external managers under trust management.
The agency said any decision to sell or restrict investments in crypto-related stocks would be determined by the fund’s governing committee, which is responsible for approving any restrictions on investments in specific industries or corporate groups and adjusting the benchmark index as needed before implementing such changes.
Earlier on August 16, it was reported that South Korea's National Pension Fund increased its indirect exposure to Bitcoin by acquiring MicroStrategy shares.