đđ° Explosion in the investment world! South Korea's largest pension fund invests heavily in MicroStrategy!
The National Pension Service (NPS), the worldâs third-largest pension fund with nearly $800 billion under management, has just made a colossal investment of $33.75 million in MicroStrategy, the worldâs leading Bitcoin holding company. With the acquisition of 24,500 shares of MSTR, the NPS is banking on MicroStrategyâs resounding success, hoping to repeat the feat achieved with Coinbase last year.
MicroStrategy, the company founded by Michael Saylor, began its incredible Bitcoin journey in 2020. Since then, it has accumulated $226,500, worth an impressive $13.27 billion. This move is reinforced by the spectacular 65% increase in the value of its Bitcoin holdings compared to the previous year.
But thatâs not all! Financial giants like the central banks of Norway and Switzerland have also bet on MSTR, which has seen a 92.5% increase since the beginning of the year. Pension funds around the world seem to be increasingly welcoming to Bitcoin, with institutions like the Japanese government pension fund and the Houston firefightersâ pension fund joining the movement.
The trend is being reinforced by indirect investments via Bitcoin ETFs, such as ARK 21Sharesâ ARKB ETF, and the State of Wisconsin Investment Boardâs recent $99 million investment in BlackRockâs iShares Bitcoin Trust. These strategic moves illustrate a growing confidence in Bitcoin and cryptocurrency in general.
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