{"id":89944,"date":"2024-08-16T02:58:08","date_gmt":"2024-08-16T06:58:08","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=89944"},"modified":"2024-08-16T02:58:22","modified_gmt":"2024-08-16T06:58:22","slug":"pension-fund-buys-34m-in-microstrategy-shares","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/pension-fund-buys-34m-in-microstrategy-shares\/","title":{"rendered":"World’s 3rd Largest Pension Fund Buys $34M in MicroStrategy Shares"},"content":{"rendered":"\n

South Korea's National Pension Service, the world's third-largest public pension fund, purchased $34 million worth of MicroStrategy shares<\/a>.<\/p>\n\n\n\n

\"World's
World's 3rd Largest Pension Fund Buys $34M in MicroStrategy Shares<\/figcaption><\/figure>\n\n\n\n

The third-largest public pension fund in the world has recently acquired roughly $34 million in shares of MicroStrategy, a business intelligence firm that purchases Bitcoin.

According to a filing with the United States Securities and Exchange Commission on August 13, the National Pension Service (NPS) of South Korea acquired 24,500 MicroStrategy shares at a price of $33.75 million.<\/p>\n\n\n\n

The National Pension Service is the largest investor in South Korea and the public pension, with a total asset value of over $777 billion (1 trillion won) as of the end of February.

The filing, which provides a comprehensive overview of its investments for the quarter ending June 30, indicates that it continues to possess a stake in Coinbase<\/a> exceeding $51 million, with 229,807 shares of the cryptocurrency exchange.

Additionally, it has invested $31.5 million in Roblox and $61.5 million in Block, Inc., which is owned by Jack Dorsey.

The Government Pension Investment Fund of Japan is the largest pension fund in the world, with approximately $1.5 trillion in total assets as of 2023, according to the Thinking Ahead Institute's annual Global Pension Assets Study. The Government Pension Fund of Norway follows, with a value of just over $1.3 trillion.<\/p>\n\n\n\n

In the interim, MicroStrategy (MSTR) has achieved a 92.5% increase this year and has surpassed $150 for the first time in more than 24 years, as reported by Google Finance.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The company has been purchasing Bitcoin since August 2020, and its earnings report from earlier this month indicates that it acquired an additional 12,222 Bitcoin for $805 million in the second quarter of 2024.

MicroStrategy's most recent acquisition of Bitcoin increased its total holdings to 226,500 BTC, which is approximately $13.19 billion at the current price of Bitcoin.

According to CoinGecko\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, this makes MicroStrategy the public corporation with the largest Bitcoin holdings, with approximately 13 times as much Bitcoin as the world's largest Bitcoin miner, Marathon Digital.

Defiance ETFs, an exchange-traded fund (ETF) issuer based in the United States, has launched a fund that aims to provide a 175% long-term exposure to MicroStrategy. Additionally, there are those who believe that MicroStrategy is a viable investment.<\/p>\n","protected":false},"excerpt":{"rendered":"

South Korea’s National Pension Service, the world’s third-largest public pension fund, purchased $34 million worth of MicroStrategy shares. The third-largest public pension fund in the world has recently acquired roughly $34 million in shares of MicroStrategy, a business intelligence firm that purchases Bitcoin. According to a filing with the United States Securities and Exchange Commission […]<\/p>\n","protected":false},"author":36,"featured_media":89951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[21319,1641,1712],"class_list":["post-89944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-microstrategy-shares","tag-pension-fund","tag-south-korea"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/08\/MicroStrategy-MSTR.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/89944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=89944"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/89944\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/89951"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=89944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=89944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=89944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}