National Pension Service of Korea Taps Bitcoin Exposure Through MicroStrategy

IconCryptoNewsTerminal Staff15 Aug, 2024

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National Pension Service of Korea Taps Bitcoin Exposure Through MicroStrategy

## Korean National Pension Invests in MicroStrategy for Bitcoin Exposure The National Pension Service (NPS) of Korea has expanded its exposure to Bitcoin (BTC) by investing in MicroStrategy (MSTR). According to a 13F Filing submitted to the U.S. Securities and Exchange Commission (SEC) on August 16th, the NPS purchased 245,000 shares of MicroStrategy in Q2 of 2022. This move follows the NPS's initial foray into indirect BTC investments last year with the acquisition of 282,673 shares of Coinbase (COIN) in Q3 2021. The NPS sold a portion of these Coinbase shares (23,956) in Q2 of this year. MicroStrategy is well-known for its substantial Bitcoin holdings, which currently stand at 226,500 BTC. By investing in MicroStrategy, the NPS effectively gains exposure to Bitcoin's price fluctuations without directly purchasing the cryptocurrency. The NPS's decision to invest in MicroStrategy highlights the growing institutional interest in Bitcoin. As the largest pension fund in South Korea, the NPS's actions could influence other institutional investors to explore Bitcoin exposure.

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