One of the Largest Public Pension Funds Increases Bitcoin Exposure

South Korea's National Pension Service (NPS), the world's third-largest pension fund by assets, increased its exposure to Bitcoin by purchasing shares of MicroStrategy, a company known for its significant holdings in BTC.

In the second quarter of this year, NPS purchased 24,500 shares of MicroStrategy Inc. worth $33.7 million, as disclosed in its recent filing with the U.S. Securities and Exchange Commission (SEC).

This strategic acquisition follows NPS’ previous investments aimed at gaining indirect exposure to Bitcoin. In the third quarter of last year, the fund purchased 282,673 shares of Coinbase, valued at $19.9 million at the time.

According to the latest filing, NPS owned 229,807 shares of Coinbase Global Inc. with an estimated value of $51 million as of the end of June, although that was a slight decrease from the 253,763 shares it owned at the end of March.

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MicroStrategy, led by CEO Michael Saylor, has earned a reputation as Bitcoin’s largest corporate holder, with 226,500 BTC (approximately $13.2 billion).

Year-to-date, MicroStrategy shares are up 92%, reflecting their strong performance, while Coinbase shares are up 25%. These gains highlight the growing interest and confidence in Bitcoin and its related assets, particularly among institutional investors such as NPS.

Alexander Stefanov