Saltık 
South Korea’s National Pension Scheme (NPS), one of the largest public pension funds globally, has made a significant investment in MicroStrategy (MSTR) stocks this year, following its previous exposure to Coinbase in 2023. According to the latest 13F filing submitted to the U.S. Securities and Exchange Commission (SEC), the NPS declared that it acquired 245,000 MSTR stocks during the second quarter of 2024. Details of the Investment The total value of the NPS’s investment in MicroStrategy stocks stands at 46 billion won, equivalent to $33.7 million.
This purchase accounts for 0.04% of the NPS’s direct investment portfolio in U.S. stocks The MSTR stock has experienced a 92% increase year-to-date, with most of the gains occurring in the first quarter of the year.
NPS Holds Crypto Related Stocks Besides MicroStrategy
This isn’t the first time that the NPS has sought exposure to publicly listed crypto-related stocks in the U.S. During the third quarter of 2023, the NPS acquired 282,673 shares of Coinbase (COIN) stock, marking its initial direct investment in the cryptocurrency industry. At the time, Coinbase shares were trading at $78, and by the end of the second quarter of 2024, the stock price had surged to $222, representing a 3x increase.
MicroStrategy’s Role in the Crypto Market
MicroStrategy is known as the largest corporate holder of Bitcoin, currently possessing more than 1% of the total Bitcoin supply in circulation. The company’s significant Bitcoin holdings have turned its stock into a proxy for investors looking to gain exposure to the cryptocurrency market.
Might interest you: Bitcoin Sell Pressure Could Test $56K Support as Options Expiry Nears
In a related development, the U.S. SEC recently approved a leveraged MicroStrategy ETF, MSTX, issued by Defiance ETFs. This ETF is designed to deliver 175% of MicroStrategy’s daily stock return, providing a unique opportunity for investors seeking leveraged exposure to the Bitcoin market through a regulated financial instrument.
The NPS’s continued investment in crypto-related stocks like MicroStrategy and Coinbase indicates its growing interest in the cryptocurrency sector as part of its diversified investment strategy.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.