The National Pension Service of South Korea states that investments in Coinbase and MicroStrategy are related to index tracking rather than investments in Bitcoin and cryptocurrencies 💰

The South Korean National Pension Service (NPS), one of the world's largest public pension funds, clarified that its investments in crypto-related companies, like Coinbase and MicroStrategy, are due to index tracking rather than an intentional focus on cryptocurrency exposure. These investments occur because the companies are included in benchmark indices the NPS tracks, such as the MSCI All Country World Index (ACWI), not as part of a strategy to invest in digital assets like Bitcoin. The NPS emphasized it does not directly invest in cryptocurrencies but follows traditional investments like stocks, bonds, and real estate. Decisions regarding crypto-related stocks are influenced by the NPS Fund Management Committee and external asset managers, who track the benchmark indices that include these companies. The NPS stated it would continue monitoring the crypto sector but currently has no plans to increase exposure to digital assets.