Government Funds Invest in Strategy MSTR for Indirect Bitcoin Exposure
- Norwegian Pension Fund and Swiss National Bank acquired MSTR equivalent to 700 BTC each.
- South Korea’s Pension Service and Investment Corporation also invested in MSTR.
- Pension funds from California, New York, and North Carolina invested equivalent to 1,000 BTC collectively.
- Standard Chartered predicts Bitcoin could reach $500,000.
- Strategy has accumulated a total of 576,230 BTC through recent acquisitions.
Several government funds have opted to invest in Strategy MSTR instead of directly purchasing Bitcoin, allowing them indirect exposure while adhering to regulations. The Norwegian Pension Fund and Swiss National Bank acquired shares equivalent to 700 BTC each.
Source (2.6)https://hodl.press/state-funds-choose-strategy-over-bitcoin-standard-chartered/?rand=24434
