 |
(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] The National Pension Service (NPS) appears to be expanding its indirect investment in cryptocurrencies by purchasing shares of MicroStrategy, the company with the largest Bitcoin holdings.
On the 16th, CoinDesk reported, citing recent filings with the U.S. Securities and Exchange Commission (SEC), that NPS acquired approximately $34 million worth of MicroStrategy shares in the second quarter of this year.
MicroStrategy is known for holding the largest amount of Bitcoin among publicly traded companies, with over 226,500 BTC, which represents more than 1% of the total Bitcoin supply.
NPS purchased 24,500 shares of MicroStrategy at an average price of $13,777.48 per share, totaling approximately $33.74 million. At the closing price of $133.04 per share, the current value of this holding is $32.59 million, reflecting a 3.4% loss.
NPS has previously invested in cryptocurrency-related stocks. According to CoinDesk, NPS also holds 229,807 shares of Coinbase, a U.S. cryptocurrency exchange. Last year, NPS bought 282,673 shares of Coinbase at an average price of $70.50 per share, totaling about $27.9 million.
Although NPS sold 12,866 shares recently, the current price of Coinbase shares, which closed at $205.31, has increased the value of this holding to $47.18 million.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
