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South Korea’s Pension Fund Increases Bitcoin Exposure with Big MicroStrategy PurchaseSouth Korea&#39;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. In the second quarter of this year, the NPS purchased MicroStrategy shares worth $33.7 million, a move that shows the fund&#39;s increasing interest in the cryptocurrency market.Key Highlights:Investment in MicroStrategy:<ul><li><ul><li>The NPS acquired 24,500 shares of MicroStrategy in Q2 2024.</li><li>The investment is valued at $33.7 million.</li><li>This purchase is part of the NPS&#39;s strategy to gain indirect exposure to Bitcoin through traditional markets.</li><li><a href="https://www.sec.gov/Archives/edgar/data/1608046/000160804624000004/xslForm13F_X02/20241Q3.xml" rel="noopener noreferrer nofollow">https://www.sec.gov/Archives/edgar/data/1608046/000160804624000004/xslForm13F_X02/20241Q3.xml</a></li><li><a href="https://www.sec.gov/Archives/edgar/data/1608046/000160804624000005/0001608046-24-000005-index.htm" rel="noopener noreferrer nofollow">https://www.sec.gov/Archives/edgar/data/1608046/000160804624000005/0001608046-24-000005-index.htm</a></li></ul></li></ul><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/30b17f6719c9481da2fa3b9a5a9a7577.png" />Coinbase Holdings Update:<ul><li><ul><li>At the end of June, the NPS held 229,907 shares of Coinbase, valued at around $51 million.</li><li>This reflects a slight decrease from the 253,763 shares held at the end of March.</li><li>The NPS initially bought 282,673 shares of Coinbase in the third quarter of last year, then valued at $19.9 million.</li><li><a href="https://www.sec.gov/Archives/edgar/data/1608046/000160804624000004/xslForm13F_X02/20241Q3.xml" rel="noopener noreferrer nofollow">https://www.sec.gov/Archives/edgar/data/1608046/000160804624000004/xslForm13F_X02/20241Q3.xml</a></li><li><a href="https://www.sec.gov/Archives/edgar/data/1608046/000160804623000010/0001608046-23-000010-index.htm" rel="noopener noreferrer nofollow">https://www.sec.gov/Archives/edgar/data/1608046/000160804623000010/0001608046-23-000010-index.htm</a></li></ul></li></ul><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/786df878e0cd4ae6a968ae4f4d0bcc25.png" />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. By investing in MicroStrategy, the NPS is effectively increasing its exposure to Bitcoin in a more traditional and regulated manner.MicroStrategy’s stock has performed exceptionally well this year, rising by 92% year-to-date. This strong performance likely contributed to the NPS&#39;s decision to invest heavily in the company. Coinbase, another major holding of the NPS, has also seen its stock rise by 25% this year.Market Implications:The NPS&#39;s investment in MicroStrategy is a sign of the growing interest among large institutional investors in the cryptocurrency market. By purchasing shares in companies like MicroStrategy and Coinbase, these investors are finding ways to participate in the potential growth of cryptocurrencies while staying within the bounds of traditional financial markets.In addition to this, the U.S. Securities and Exchange Commission (SEC) recently approved the first leveraged exchange-traded fund (ETF) that targets MicroStrategy. This approval could further increase the company’s appeal to investors looking to gain leveraged exposure to Bitcoin through the stock market.Conclusion: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.Stay tuned for more updates on how these developments might shape the future of investing.Join Telegram: https://t.me/OfficialCryptoPatelFollow X: https://x.com/CryptoPatel

Why South Korea’s Pension Fund is Buying MicroStrategy and Coinbase Shares

Crypto Patel

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