South Korea’s National Pension Services (NPS), the world’s third-largest pension fund, purchased $33.7 million worth of MicroStrategy (MSTR) shares in the second quarter of 2024.
NPS, which has more than $700 billion in assets under management, reported in a report filed with the U.S. Securities and Exchange Commission (SEC) this week that it held 24,500 MicroStrategy shares in the second quarter.
The investment increases South Korea’s National Pension Services’ indirect exposure to Bitcoin (BTC). The NPS added 282,673 Coinbase (COIN) shares to its portfolio worth $19.9 million in the third quarter of last year.
According to NPS’s updated disclosures, as of the end of June, the fund held approximately 229,807 Coinbase Global Inc. shares worth $51 million, a decrease from the 253,763 Coinbase shares it held in March.
MicroStrategy is known as the largest institutional Bitcoin owner, with 226,500 Bitcoins worth approximately $13.2 billion on its balance sheet. The company, which has been investing in Bitcoin since 2020 and accepting it as a reserve asset, is seen as an important tool for investors who want to gain indirect exposure to Bitcoin.
Additionally, the U.S. Securities and Exchange Commission (SEC) this week approved the first leveraged exchange-traded fund focused on MicroStrategy.
MicroStrategy shares have gained 92% this year, while Coinbase shares have gained 25% since the beginning of the year.
FOR THE GIFT OF 10 DOLLARS PLEASE READ CAREFULLY.
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So who can benefit?
Our friends who have not yet activated the futures section, when you activate your FUTURES transaction section, you will earn $10 when you open it by entering my 88623008 reference code.
I EXPLAIN IN DETAILED.
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The first 1,000 brothers who open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
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WHEN WILL THE REWARD COME?
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You can share this post with your friends in need so that they can also benefit from it.
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