Regulatory filings with the U.S. Securities and Exchange Commission (SEC) reveal that the National Pension Service of South Korea acquired 282,673 Coinbase Global shares in 2023’s third quarter. This transaction, valued at approximately $20 million, marks the pension fund’s inaugural foray into the cryptocurrency sector.
World’s Third Largest Pension Fund Purchases 282,673 Shares of Coinbase Global
The National Pension Service, founded in 1988, operates as South Korea’s public pension fund and ranks as the world’s third-largest. Overseen by the National Pension Service Investment Management (NPSIM), the scheme mandates enrollment for both Korean citizens and foreign residents in Korea. A recent SEC filing disclosed that in the third quarter, the NPS invested in Coinbase Global, securing 282,673 shares at a cost of $20 million.
To date, the NPS’s investment in Coinbase (listed on Nasdaq as COIN) has appreciated by 40%, having bought shares at an average of $70.5 each. Curren
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