South Korea’s National Pension Service (NPS) has announced a major investment in MicroStrategy, buying $34 million worth of shares.

NPS, one of the world’s largest public pension systems, purchased 24,500 shares at $1,377.48 each.

The purchase was made ahead of MicroStrategy’s 10-for-1 stock split earlier this month.

The pension fund now owns 245,000 shares, worth about $32.32 million based on the stock’s most recent close.

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