Indirectly holding Bitcoin? Korean retirement fund buys $33.7 million worth of micro strategy stocks
According to a report by The Block, a holdings report submitted to the US Securities and Exchange Commission (SEC) this week showed that the world's third-largest retirement fund, South Korea National Pension Service (NPS), bought 24500 shares of Microstrategy worth $33.7 million in the second quarter.
Micro Strategy is the publicly traded company with the largest holdings of Bitcoin (BTC) in the world. According to previous reports from Zombie, as of August 10th this year, Micro Strategy holds approximately 226500 bitcoins worth approximately $13.2 billion.
The South Korean National Pension Corporation's move to buy micro strategy stocks may be aimed at expanding its indirect exposure to Bitcoin. The fund purchased 282673 shares of Coinbase stock (valued at $19.9 million at the time) in the third quarter of last year.
According to the latest documents, as of the end of June, the National Pension Corporation held 229807 shares of Coinbase worth approximately $51 million. As of the end of March, the fund held 253763 shares of Coinbase.
