BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

World’s Third Largest Pension Fund Announces $34 Million Top Up of MicroStrategy Shares

Michael Juanico by Michael Juanico
August 16, 2024
in CRYPTO
Reading Time: 3 mins read
1
SHARES
21
VIEWS
Share on XShare in TelegramShare on Reddit
  • South Korea’s pension fund bought 24,500 shares of MicroStrategy (MSTR) worth nearly $34 million in the second quarter of 2024, before the company’s 10:1 stock split.
  • The MicroStrategy purchase can be seen as an indirect investment in bitcoin (BTC), as MicroStrategy is the largest corporate holder of the cryptocurrency.
  • The pension fund also holds 229,807 shares of Coinbase (COIN), worth over $45 million.

South Korea’s National Pension Service (NPS) recently purchased a significant stake in business intelligence company MicroStrategy. This investment can be seen as an indirect bet on Bitcoin, as MicroStrategy holds more of the cryptocurrency than any other publicly traded company.

ICYMI: 🇰🇷 $800 billion AUM pension fund NPS bought $34 million worth of MicroStrategy shares pic.twitter.com/RtRKoaScgm

— BlockNews.com (@blocknewsdotcom) August 16, 2024

Details of MicroStrategy Share Purchase

In the second quarter of 2024, NPS bought 24,500 shares of MicroStrategy at an average price of $1,377.48 per share. This was before MicroStrategy’s 10-for-1 stock split, meaning NPS now holds 245,000 shares valued at $32.32 million based on MicroStrategy’s latest stock price.

The purchase gives NPS exposure to Bitcoin since MicroStrategy owns around 130,000 BTC worth over $3 billion. MicroStrategy continues acquiring more bitcoin to make it the core holding on its balance sheet.

MicroStrategy Share Price Outlook

Despite MicroStrategy missing its revenue target last quarter, analysts remain bullish on the stock. Earlier this month, Wall Street firm Benchmark raised its price target on MicroStrategy to $2,150 from $1,875.

Benchmark believes MicroStrategy is pioneering how public companies can adopt bitcoin as an institutional-grade capital asset. Other analysts also see upside in MicroStrategy stock as its enterprise analytics software business improves.

NPS’ Other Crypto Investments

In addition to MicroStrategy, NPS owns 229,807 shares of crypto exchange Coinbase worth over $45 million. The pension fund began buying Coinbase shares in 2023 at an average price of $70.5 per share.

NPS seems to be taking a long-term, strategic view on crypto as an emerging asset class by investing in market leaders like MicroStrategy and Coinbase. The purchases indicate South Korea’s $700 billion pension fund believes crypto should play a role in its portfolio diversification.

Conclusion

NPS’ latest investment in MicroStrategy stock gives it indirect exposure to bitcoin’s potential upside. The purchase reflects growing institutional demand for crypto assets, even though bitcoin remains highly volatile. Pension funds and other institutional investors are starting to see crypto as an alternative to traditional asset classes.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BenchmarkBitcoincryptocurrencyMicrostrategyNPS
TweetShareShare
Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

DON'T MISS THESE! HOT OFF THE PRESS

Chainlink (LINK) Whales Accumulate Heavily as Analysts Predict $55 Target
CHAINLINK

Chainlink (LINK) Whales Accumulate Heavily as Analysts Predict $55 Target

October 18, 2025
TRON (TRX) Hints at a Rebound as Bulls Quietly Build Momentum
CRYPTO

TRON (TRX) Hints at a Rebound as Bulls Quietly Build Momentum

October 18, 2025
Dogecoin Starts Showing Signs of Life as Buyers Step Back In
CRYPTO

Dogecoin Starts Showing Signs of Life as Buyers Step Back In

October 18, 2025
Dogecoin Price Prediction: Why PEPE and Remittix Might Explode This October
CRYPTO

Dogecoin Price Prediction: Why PEPE and Remittix Might Explode This October

October 18, 2025
Charles Hoskinson Calls Midnight Cardano’s Most Transformational Project Yet
CARDANO

Charles Hoskinson Calls Midnight Cardano’s Most Transformational Project Yet

October 18, 2025
Dogecoin Tanks 21% as Whales Dump $74 Million — Despite Nasdaq Merger Buzz
CRYPTO

Dogecoin Tanks 21% as Whales Dump $74 Million — Despite Nasdaq Merger Buzz

October 18, 2025
Load More

Related News

Chainlink (LINK) Whales Accumulate Heavily as Analysts Predict $55 Target

Chainlink (LINK) Whales Accumulate Heavily as Analysts Predict $55 Target

October 18, 2025
TRON (TRX) Hints at a Rebound as Bulls Quietly Build Momentum

TRON (TRX) Hints at a Rebound as Bulls Quietly Build Momentum

October 18, 2025
Dogecoin Starts Showing Signs of Life as Buyers Step Back In

Dogecoin Starts Showing Signs of Life as Buyers Step Back In

October 18, 2025
Dogecoin Price Prediction: Why PEPE and Remittix Might Explode This October

Dogecoin Price Prediction: Why PEPE and Remittix Might Explode This October

October 18, 2025
Charles Hoskinson Calls Midnight Cardano’s Most Transformational Project Yet

Charles Hoskinson Calls Midnight Cardano’s Most Transformational Project Yet

October 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews