The world's 3rd largest pension fund acquires MicroStrategy stock

The South Korean National Pension Fund (NPS), which announced in May that it would allocate 65% of its assets to risky investment instruments, continues its Bitcoin expansion. The fund management finally acquired 24,500 MicroStrategy shares worth $33.7 million.

The South Korea National Pension Fund (NPS), the 3rd largest pension fund in the world, has made purchases of $33.7 million from the shares of MicroStrategy, known for its Bitcoin buying policy.

The fund, which has approximately $777 billion in assets under its management (as of February), announced that it would switch to risky assets in May.

There are other Bitcoin-focused companies

The fund also has other company shares that allow it to indirectly invest in Bitcoin. Under the management of NPS, which also bought Coinbase shares in the last quarter of last year, there is $51 million in COIN and $60 million in Jack Dorsey's company Block shares.

In order not to run out of fund...

In South Korea, where the population is getting older every year and the proportion of young population is declining, it was thought that the pension fund may become unable to pay by 2055. For this reason, the fund management decided to switch to risky assets in May. The fund management had decided that 65 percent of the investments should consist of risky assets.

Especially in the USA, it is also seen that pension funds have turned to Bitcoin through ETFs recently. While the importance of supply-restricted assets in the world is increasing day by day, it is not overlooked that pension funds are on this path. $BTC