South Korea’s National Pension Fund Increases Indirect Exposure to Bitcoin by Acquiring MicroStrategy Shares

PANews reported on August 16 that according to Yonhap News Agency Infomax, the National Pension Service of South Korea (NPS) acquired 245,000 shares of Bitcoin development company MicroStrategy in the second quarter of this year. The purchase has been disclosed in the 13F filing submitted to the U.S. Securities and Exchange Commission (SEC). Although the fund sold 23,956 shares of Coinbase in the second quarter of this year, this investment is another indirect investment in Bitcoin by the fund after purchasing 282,673 shares of Coinbase in the third quarter of last year. It is worth noting that as of July 31, MicroStrategy held 226,500 bitcoins, becoming the largest corporate holder of Bitcoin other than the issuer of the spot Bitcoin ETF.