Wisconsin Investment Board Doubles Bitcoin ETF Holdings
- The Wisconsin Investment Board increased its bitcoin position to $321 million by year-end.
- The current value of this bitcoin holding is approximately $588 million, with bitcoin priced near $98,000.
- In 2024, the board was the first to report a bitcoin ETF purchase, acquiring 94,562 shares of IBIT.
- Shares in Grayscale’s Bitcoin Trust (GBTC) were initially bought but later sold by the board.
- SWIB manages over $156 billion in assets, including funds from the Wisconsin Retirement System and State Investment Fund.
The Wisconsin Investment Board’s decision to increase its bitcoin investments resulted in a significant rise in value from $321 million to an estimated $588 million at current prices. The board also made notable moves with ETFs and GBTC shares.
Source (2.6)https://www.coindesk.com/markets/2025/02/14/state-of-wisconsin-more-than-doubles-blackrock-bitcoin-etf-stake-to-usd322m?rand=52298
