Key Takeaways
- South Korea’s National Pension Service has invested $34 million in MicroStrategy.
- MicroStrategy holds 226,500 Bitcoin, valued at $13.19 billion.
- MicroStrategy stock has surged by 92.5% in 2024, attracting institutional interest.
The world’s third-largest public pension fund, South Korea’s National Pension Service (NPS), has purchased $34 million worth of MicroStrategy shares.
This August filing with the U.S. Securities and Exchange Commission shows the pension fund bought 24,500 shares of the Bitcoin-focused business intelligence firm.
Total assets
The NPS, managing over $777 billion in assets as of February 2023, is increasing its exposure to Bitcoin through MicroStrategy, which holds more Bitcoin than any other public company.
As of its latest earnings report, MicroStrategy owns 226,500 Bitcoin, valued at $13.19 billion at current prices.
Since August 2020, the company has aggressively acquired Bitcoin, contributing to a 92.5% increase in its stock price in 2024.
## Other crypto investments
In addition to its stake in MicroStrategy, the NPS continues to hold other major investments, including $51 million in Coinbase, $31.5 million in Roblox, and $61.5 million in Block, Jack Dorsey’s fintech firm.
