South Korea's National Pension Service Invests $33.75M in MicroStrategy Shares

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Investment in MicroStrategy
  2. Previous Investments in Digital Assets
  3. Digital Asset Regulation in South Korea


    4. South Korea's National Pension Service (NPS) continues to expand its investments in digital asset-related companies by investing substantial funds in MicroStrategy shares.

    Investment in MicroStrategy

    South Korea's National Pension Service has invested $33.75 million in MicroStrategy shares, acquiring 245,000 shares in the firm during the second quarter of this year. This investment represents 0.04% of the fund's total US stock holdings.

    Previous Investments in Digital Assets

    In the third quarter of last year, NPS bought 282,673 Coinbase shares, marking the fund's first investment in a digital assets company within its US stock holdings. This quarter, the fund sold 23,956 shares, capitalizing on a 40% increase in value.

    South Korea's National Pension Service disclosed that it bought 245,000 shares of MicroStrategy in the second quarter of this year, worth about $33.75 million. Previously, NPS bought 282,700 shares of Coinbase in the third quarter of last year. NPS manages $729.77 billion...Wu Blockchain

    Digital Asset Regulation in South Korea

    South Korea is making progress toward clearer digital asset regulations, highlighted by the enactment of the Virtual Asset User Protection Act. This legal framework has likely influenced the National Pension Service to view digital assets as a more credible investment category, reducing regulatory uncertainty.

    The investment by South Korea's National Pension Service in digital asset-related companies demonstrates its strategic expansion of its investment portfolio and a confidence in the future of digital assets. This may lead to increased investments in similar companies, aiming for high returns and risk diversification.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Senator Blumenthal Investigates Tether's Payments to Consultancy

Senator Blumenthal investigates Tether's payments to consultancy Nxum over potential ethics concerns.

user avatarKofi Adjeman

Blockchain Association Pushes for Crypto Tax Legislation

The Blockchain Association advocates for bipartisan changes to cryptocurrency tax regulations, seeking a de minimis exemption for small transactions and clarity in tax reporting for digital asset users.

user avatarNguyen Van Long

Starknet Community Votes to Explore Independent Post-Quantum Layer 1 Network

The Starknet community is exploring the possibility of transforming into an independent post-quantum secure layer 1 network, with a recent poll showing strong support for research into this initiative.

user avatarSatoshi Nakamura

SoFi Introduces SOFIE Tokenized Deposit for Earning Interest

SoFi has launched a new tokenized deposit product named SOFIE, allowing consumers to earn interest on dollar balances while facilitating blockchain transfers.

user avatarJesper Sørensen

Chainlink and LG CNS Join Forces to Enhance Digital Asset Infrastructure in South Korea

Chainlink and LG CNS have announced a partnership to enhance oracle and crosschain infrastructure for South Korea's financial institutions.

user avatarRajesh Kumar

HSBC Introduces RedCoin for Consumer Payments

HSBC has launched RedCoin, a stablecoin backed by the Hong Kong dollar, for consumer payments through its PayMe app.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.