- South Korea’s National Pension Fund (NPS) purchased around 245,000 MicroStrategy shares on Tuesday.
- MicroStrategy has been buying BTC since August 2020 and holds 226,500 BTC worth around $13.19B at the time of press.
- The National Pension Fund also invests in crypto exchanges such as Coinbase, Roblox, and Jack Dorsey’s Block.
South Korea’s National Pension Service (NPS), one of the world’s largest public pension funds, purchased nearly $34 million worth of shares in MicroStrategy Inc., a U.S.-based crypto firm known for its consistent investments in Bitcoin.
According to an X post by a Chinese newsletter, the NPS procured around 245,000 shares, worth $33.75 million, per the latest 13F filing submitted to the U.S. Securities and Exchange Commission. The latest acquisition shows South Korea’s interest in increasing its investments in Bitcoin.
Remarkably, this is not the first step of the NPS. Apart from MSTR, the fund service has invested in several other crypto exchanges, such as Coinbase, Roblox, and Jack Dorsey’s Block. The report, which detailed the investments of the quarter, showed that NPS holds shares of Coinbase (COIN) amounting to over $51 million. During the third quarter of last year, the National Pension Service purchased over 282,700 shares. The investment proved beneficial as the price of COIN rose thrice, from $78 to over $230.
It also invested $31.5 in Roblox and $61.5 million in Jack Dorsey’s Block. At the time of publication, the National Pension Service possessed over $777 billion in total assets in February.
MicroStrategy Boosts Bitcoin Holdings Amid MarketMicroStrategy, a prominent player in Bitcoin investment, has consistently acquired Bitcoin despite market conditions and fluctuations. In a recent interview, Michael Saylor, CEO of MicroStrategy, revealed that Bitcoin is an investment and stated that he had stopped selling BTC, owing to its value. He stated,
“Bitcoin will create generational wealth for your family, corporation, and even country. I can’t see a better place to put my money.”
Saylor added that he has over $1 billion in his personal holdings. Saylor added that buying Bitcoin is a capital investment and emphasized that individuals, families, and even corporations should make Bitcoin investments.
