South Korea’s public pension fund has just upped its crypto exposure further, buying tens of thousands of shares in MicroStrategy.
The third-largest public pension fund in the world has just bought nearly $34 million worth of shares in MicroStrategy, a Bitcoin-buying business intelligence firm.
South Korea’s National Pension Service (NPS) purchased 24,500 MicroStrategy shares for a price of $33.75 million, an Aug. 13 filing with the United States Securities and Exchange Commission shows.
The National Pension Service is South Korea’s public pension and the country’s largest investor, with over $777 billion (1 trillion won) in total assets at the end of February.
