The South Korean National Pension Fund (NPS), the world’s 3rd largest pension fund, purchased $33.7 million in shares of MicroStrategy, known for its Bitcoin purchase policy. The fund, which has approximately $777 billion in assets under management (as of February), announced in May that it would switch to risky assets.

There are other Bitcoin-focused companies

The fund also holds other company shares that allow it to invest indirectly in Bitcoin. NPS, which also bought Coinbase shares in the last quarter of last year, has $51 million of COIN and $ 60 million of Jack Dorsey’s company Block shares under its management.

To avoid running out of funds…

In South Korea, where the population is getting older every year and the proportion of young population is decreasing, it was thought that the pension fund might become unable to make payments by 2055. For this reason, the fund management had decided to switch to risky assets in May. The fund management decided that 65 per cent of the investments should consist of risky assets

Especially in the USA, it is also seen that pension funds have recently turned to Bitcoin through ETFs. While the importance of assets with limited supply in the world is increasing day by day, it is not overlooked that pension funds are also on this path.