$BTC
AMP has made a $27 million investment in Bitcoin, becoming the first major superannuation fund in Australia to enter the crypto market.
AMP Wealth Management, one of Australia‘s largest wealth managers with billions in assets under management, has invested $27 million in Bitcoin
Bitcoin, becoming the first major superannuation fund in the country.
Per the report, the investment was made in May when Bitcoin was trading between $60,000 and $70,000. AMP chief investment officer Anna Shelley explained that the allocation, representing 0.05% of the firm’s $57 billion in assets, was part of a broader diversification strategy.
