South Korea’s Pension Fund Boosts Bitcoin Exposure through Major MicroStrategy Investment

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Investment in MicroStrategy
  2. Coinbase Holdings Update
  3. Why This Matters


    4. South Korea's National Pension Service (NPS), one of the world’s largest pension funds, has made a significant investment in MicroStrategy, a company well-known for its substantial Bitcoin holdings.

    Investment in MicroStrategy

    In the second quarter of this year, the NPS purchased MicroStrategy shares worth $33.7 million, demonstrating the fund's increasing interest in the cryptocurrency market. The NPS acquired 24,500 shares of MicroStrategy. This purchase is part of the NPS's strategy to gain indirect exposure to Bitcoin through traditional markets.

    This purchase is part of the NPS's strategy to gain indirect exposure to Bitcoin through traditional markets.

    Coinbase Holdings Update

    At the end of June, the NPS held 229,907 shares of Coinbase, valued at around $51 million, slightly down from the 253,763 shares held at the end of March. The NPS initially bought 282,673 shares of Coinbase in the third quarter of last year, then valued at $19.9 million.

    Why This Matters

    MicroStrategy is the largest corporate holder of Bitcoin, with 226,500 BTC, roughly valued at $13.5 billion. This makes the company a popular choice for investors looking for exposure to Bitcoin without buying the cryptocurrency directly. MicroStrategy’s stock has performed exceptionally well this year, likely contributing to the NPS's decision to invest heavily in the company. Additionally, the U.S. Securities and Exchange Commission (SEC) recently approved the first leveraged exchange-traded fund (ETF) targeting MicroStrategy, which could attract more investors looking for leveraged exposure to Bitcoin through the stock market.

    The NPS’s recent investments highlight a significant trend: institutional investors are increasingly turning to companies with large cryptocurrency holdings as a way to gain exposure to this new asset class. As more large funds follow this path, we could see even greater integration of cryptocurrencies into traditional financial markets.

Tier I

Sector: #18291

Sealed Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

NEAR Protocol Achieves 50 Million Operations Milestone

chest

NEAR Protocol's chain abstraction infrastructure has surpassed 50 million lifetime operations, marking a significant achievement in simplifying multichain crypto interactions.

user avatarArif Mukhtar

Solana Sees Significant RWA Inflows

chest

Solana has recorded $348 million in net inflows of real-world assets over the past 30 days, increasing its tokenized RWA value to $720 million.

user avatarMaria Gutierrez

Aave Governance Considers Emergency Powers to Protect Users

chest

Aave governance is considering a proposal to grant emergency powers to guardians to freeze vulnerable lending pools during security threats.

user avatarDavid Robinson

Router Protocol Users Must Move Assets During Grace Period

chest

Router Protocol users must take action during the grace period to bridge assets back to origin chains before relayer nodes are disconnected.

user avatarJacob Williams

Arbitrum Proposes Disqualification of Three DeFi Protocols from Future Grants

chest

A new governance proposal by Arbitrum aims to disqualify three DeFi protocols from future DAO grant allocations due to alleged reporting failures and misuse of prior incentives.

user avatarAndrew Smith

Router Protocol to Shut Down Crosschain Network and Burn 303 Million Tokens

chest

Router Protocol has announced a deprecation plan to shut down its crosschain messaging network and burn 303 million ROUTE tokens due to unsustainable maintenance costs.

user avatarZainab Kamara

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.