South Korea's Public Pension Fund Invests $34M in MicroStrategy

The fund's purchase of MicroStrategy shares reflects a growing trend of institutional investment in cryptocurrency-related companies.

South Korea's Public Pension Fund acquired 245,000 shares of MicroStrategy in Q2 2024, valued at $33.75 million.
MicroStrategy is known for its substantial Bitcoin holdings, making this an indirect investment in Bitcoin.
The pension fund previously invested in Coinbase, holding 229,807 shares worth over $45 million.
This move aligns with other public pension funds, including those in Japan and New Jersey, exploring cryptocurrency investments.
MicroStrategy's CEO, Michael Saylor, has positioned the company as a major corporate holder of Bitcoin.