24/7 Cryptocurrency News

South Korea National Pension Scheme Snaps 245,000 MicroStrategy (MSTR) Stocks

South Korea's National Pension Scheme announced the purchase of MicroStrategy MSTR stocks this year, after Coinbase exposure last year.
Published by
South Korea National Pension Scheme Snaps 245,000 MicroStrategy (MSTR) Stocks

Highlights

  • South Korea NPS is already sitting on 3x gains on its Coinbase investment last year in Q2 2023.
  • The leveraged MicroStrategy ETF MSTX approved by the SEC offering 1.75x exposure to MSTR stock price.
  • US State Investment boards continue to increase BTC exposure via spot Bitcoin ETFs.

On Thursday, South Korea’s National Pension Scheme submitted its 13F filings to the U.S. Securities and Exchange Commission (SEC) revealing the purchase of 245,000 MicroStrategy (MSTR) stocks during the second quarter. The MSTR stock price has already gained 92% since the beginning of 2024 with most of the gains coming in the first quarter.

Advertisement

South Korea National Pension Scheme Buys MicroStrategy MSTR Stocks

The total investment value of South Korea’s National Pension Scheme in acquiring MSTR stocks stands at 46 billion won or $33.7 million. This accounts for 0.04% of NPS’s direct investment portfolio in the US stocks.

This is not the first time South Korea NPS has sought exposure to public-listed crypto stocks in the US. During the third quarter of 2023, the NPS acquired a massive 282,673 shares of Coinbase (COIN) stock, while beginning its direct investment in the crypto industry. By then, the COIN share price was trading at $78 which has now surged by 3x to $222 by the end of the second quarter. The question is whether South Korean NPS eyeing a similar rally with the MSTR stock?

As we know, MicroStrategy is the largest single corporate holder of Bitcoins and currently holds more than 1% of the total Bitcoin supply in the market. In another development, the U.S. SEC approved a leveraged Microstrategy ETF MSTX issued by Defiance and will deliver 175% of MicroStrategy’s daily stock return. Interestingly, this business intelligence firm is turning out to be a proxy play for investors to bet on the Bitcoin price.

MSTX will provide a unique opportunity for investors willing to maximize their leverage exposure to the Bitcoin market. through a regulated ETF instrument.

Advertisement

State Players Seeking Exposure to Bitcoin

The launch of the spot Bitcoin ETFs in the market has provided a regulated way of gaining exposure to the largest crypto asset class. As a result, several US states gained exposure to this Bitcoin instrument during the second quarter of this year. A day before, the State of Wisconsin Investment Board (SWIB) announced major exposure to the BlackRock Bitcoin ETF. SWIB has been purchasing Bitcoin ETFs for two consecutive quarters since the ETF launch.

Last month, the State of Michigan Retirement System also disclosed a $6.6 million investment in ARK 21Shares Bitcoin ETF (ARKB). Similarly, Jersey City Mayor Steven Fulop has shared the intention to make bitcoin investments via ETFs.

Advertisement

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by
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.

Recent Posts

  • 24/7 Cryptocurrency News

Zcash (ZEC) Extends Rally Above $200 as Privacy Narrative Gains Reflexive Momentum

Zcash (ZEC) now trades above $200. The rally reflects a reflexive surge in investor belief,…

October 10, 2025
  • 24/7 Cryptocurrency News

Pump.fun Rival Zora Rallies Over 30% Following Robinhood Listing

Zora, Coinbase-based creator economy platform, has been listed on Robinhood. This also highlights its increased…

October 9, 2025
  • 24/7 Cryptocurrency News

Peter Brandt Lists XRP Among Shorts Amid Crypto Market Crash

Veteran trader Peter Brandt has doubled down on his bearish XRP prediction. This time, he…

October 9, 2025
  • 24/7 Cryptocurrency News

Fed’s John Williams Backs More Rate Cuts This Year Amid Labor Market Concerns

New York Fed President John Williams has shown his support for additional Fed rate cuts…

October 9, 2025
  • Bitcoin News

Bitcoin Edges Higher as Fed Chair Jerome Powell Fails to Comment on Monetary Policy

The Bitcoin price is up today, after a significant drop in the last 24 hours.…

October 9, 2025
  • 24/7 Cryptocurrency News

Flare Network Surpasses $43M in Bridged XRP, Expert Predicts Breakout to New ATH

Flare Network has recorded over $43 million worth of XRP now bridged onto its blockchain.…

October 9, 2025