South Korea’s National Pension Service (NPS) has recently purchased nearly $34 million worth of MicroStrategy shares in the second quarter of this year, making it an indirect investment in bitcoin. Prior to MicroStrategy’s 10-for-1 stock split, NPS bought 24,500 shares at an average price of $1,377.48, bringing the total number of shares to 245,000, valued at $32.32 million. MicroStrategy is currently the largest corporate holder of bitcoin. The NPS also holds over $45 million worth of Coinbase shares, having started purchasing them in 2023. Despite MicroStrategy missing its revenue target for Q2, Wall Street broker Benchmark has raised its price target for the company.
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South Korea’s Pension Fund Snaps Up Nearly $34M MicroStrategy Shares
