Editor's PiCK
24.11.13 Scheduled Release toggle on, PICK
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Summary
- It was reported that the National Pension increased its profit margin threefold by investing in Bitcoin related stocks.
- Currently, the National Pension holds CoinBase and MicroStrategy as Bitcoin-related stocks, with 2.6 million and 2.45 million shares respectively.
- Experts reported that all Bitcoin-related stocks have risen due to the recent victory of Donald Trump in the U.S. presidential election.
The National Pension, known for investing in Bitcoin (BTC) related stocks such as CoinBase and MicroStrategy, has reportedly gained a profit margin three times the investment amount. According to the industry on the 13th, the National Pension holds 2,656,460 shares of CoinBase Global (NAS:COIN) and 2,450,000 shares of MicroStrategy (NAS:MSTR) as of September. The previous day, CoinBase and MicroStrategy closed at $319.13 and $356.59 respectively, which is about three times the average purchase price of the National Pension, which was $95.69 and $146.34. The National Pension's investment in Bitcoin-related stocks amounts to a total of 612.7 million dollars, and currently, the value has jumped threefold to 1.7214 billion dollars. This is analyzed as an effect of all Bitcoin-related stocks rising as Donald Trump recently won the U.S. presidential election.
