The National Pension Service of South Korea now has more than 32 million dollars worth MicroStrategy shares, after making an investment in the Bitcoin-friendly US company earlier this year.
According to an official filing, the Pension Service has 24,500 MSTRs as of 30th June. The Pension Service is reportedly responsible for managing assets worth $764.8 Billion by 2023.
The business intelligence company announced in July a stock split 10-1 of its Class A Common Stock and Class B Common Stock to “make MicroStrategy’s stock more available to employees and investors.”
The National Pension Service owns 245,000 MSTR M shares, worth approximately $32.5 Million at the time this article was written.
Last year the National Pension Service invested in Coinbase stock (COIN), purchasing 282,670 coins in anticipation of December 31, 2024. This year, the pension fund gradually reduced its COIN holdings and currently owns 229 807 shares valued at $47.18 millions.
MicroStrategy, the largest corporation in the world to hold Bitcoins with 226,500 BTC worth over $13,38 billion at present. According to a press release from a quarter, the firm purchased BTC on average at $36,798.
Said MicroStrategy CEO Phong Le,
Bitcoin has risen by over 3% since the previous 24 hours to $59199.
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