$57B AUM Australia's Pension Fund AMP Buys $27M in Bitcoin

Highlights

Australia's pension fund AMP purchases Bitcoin worth $27 million.
The investment was part of a diversification strategy after AMP’s dynamic asset allocation process.
Pension funds eyes diversifying portfolio with Bitcoin as BTC price crosses $100K.

Australia’s pension fund AMP has become the first major superannuation fund to buy into crypto by purchasing Bitcoin worth $27 million. The asset class previously barred for high volatility by big fund managers has now ignited FOMO as BTC price surpassed the $100K milestone after Donald Trump’s win in the U.S. presidential election.

Pension Giant AMP Invests $27 Million in Bitcoin

$57 billion AMP becomes Australia’s first major pension fund to buy Bitcoin, reported Australian Financial Review on December 12. They are the first in the $4 trillion retirement savings industry to invest in the crypto asset class.

Other big pension funds claimed they would not be following AMP’s lead into the cryptocurrency market. Earlier, Reserve Bank Governor Michele Bullock criticized ideas to invest in crypto assets, saying it does not belong in retirement portfolios.

AMP chief investment officer Anna Shelley said $27 million – or 0.05 percent of its $57 billion in funds under management – of BTC was purchased in May. BTC price was trading in the $60,000-$70,000 range. The investment was part of a diversification strategy after AMP’s dynamic asset allocation process backed Bitcoin based on its “momentum and sentiment.”

Bitcoin Rally to $100K Driving Mainstream Adoption

Matthew Sigel, head of digital assets research at VanEck, said those with assets in AMP’s balanced and growth investment options were the most likely to be exposed to Bitcoin at a customer level.

Pension funds across the globe eyes investing in Bitcoin, especially after the U.S. SEC approved spot Bitcoin ETF earlier this year. Recently, UK pension fund giant Cartwright joined the league and allocated around 3% to Bitcoin as a direct investment.

Hedge funds have jumped to buy Bitcoin and pension funds are in discussions with clients to invest in BTC. However, it is delayed because of the long due diligence process of pension funds.

BTC price currently trades at $100,837, up nearly 20% in a month. Bitcoin hit a high of $104K amid the Trump trade and transition to pro-crypto administration in the United States.

TAGS
Bitcoin (BTC) Price

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.