South Korea National Pension Fund bought $34m of MicroStrategy shares.

in H4LAB Researchlast month (edited)

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South Korea NPS(National Pension Fund) is a public national pension fund, and it's the 3rd largest national pension fund in the world.

The NPS bought 24,500 MSTR(MicroStrategy) shares. The MSTR holds more than 220k BTC. I think it implies their perspective that the crypto market is bright. However, it's a shame that they can't directly buy BTC in South Korea. As far as I know, for now, it's impossible for them to buy BTC in legal terms.

August is coming to an end. I hope to see a better market sentiment for the next month rather than this month.

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"Loved reading about South Korea's NPS investing in MSTR! 🚀 That's a vote of confidence for the crypto market if I ever saw one 😊! Would love to hear from others, what do you think it means for the future of cryptos? And don't even get me started on how jealous we are that they can invest in MSTR but not BTC (yet!) 🤔. Let's discuss!"

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