Japan's Government Pension Investment Fund (GPIF) is the world's largest pension fund in terms of assets under management. With $1.5 billion under management, this fund invests in a wide range of assets. He plans to enter the cryptocurrency market via Bitcoin.
THE WORLD’S LARGEST PENSION FUND (GPIF) WANTS BITCOIN
The GPIF is a fund responsible for managing the reserves of Social Security and other pension funds for Japanese citizens. It must ensure the returns necessary for the public pension system while minimizing risks.
Its strategy aims to diversify its investments as much as possible.
It appears that the GPIF is diversifying and exploring the addition of illiquid assets, including Bitcoin.
In a document published Tuesday March 19, the fund announced the launch of research aimed at achieving the objectives of its annual plan. For 2024, GPIF is focused on adapting to economic, social and technological changes. He wishes to implement innovative and long-term investment strategies, diversifying and managing risks.
The GPIF wants to know more about Bitcoin, in addition to the asset classes already under management such as bonds, stocks or even real estate.
It is still a little early to know if GPIF will actually buy Bitcoin. This appears to be an option.
MICROSTRATEGY
A similar pattern can clearly be detected.
MicroStrategy is a big supporter of Bitcoin, notably through its CEO Michael Saylor. In 2020, when they first talked about diversifying into illiquid assets, similarly to GPIF, they also cited assets such as gold.
To date, MicroStrategy holds over 200,000 BTC, with an estimated value exceeding $10 billion.
Since March, MicroStrategy has accelerated its strategy. The company issued a total of $1.3 billion in convertible bond debt to purchase Bitcoin.
