The Wisconsin investment council has seen fit to add significantly to its Bitcoin (BTC) bet in the last three months of the year.
The State of Wisconsin Investment Board (SWIB) revealed the property of just over 6 million shares of Ishares Bitcoin Trust in BlackRock (Ibit) on December 31, in accordance with a 13F file, against around 2.9 million actions three months ago.
The position was estimated at $ 321 million at the end of the year and was worth around $ 588 million at the current Bitcoin price nearly $ 98,000.
The fund in 2024 became the first of its kind to report a Bitcoin ETF purchase, initially purchased 94,562 Ibit shares and certain Bitcoin Trust (GBTC) actions of Graycale, which it sold later.
Michigan’s state pension system has also declared to have Bitcoin ETF actions, the Ark 21Shares Bitcoin Etf (ARKB) and two of Graycale’s Bitcoin products.
SWIB, created in 1951, oversees more than $ 156 billion in assets, including Wisconsin funds withdrawal System (WRS) and State Investment Fund (SIF). The board of directors manages investments on behalf of state employees and other trustee funds.
Today marks the deadline for institutional investors managing at least $ 100 million in assets to report quarterly assets to the Securities and Exchange Commission (SEC). The market was closely monitored these deposits to assess whether large traditional financing companies have added Bitcoin FNB to their portfolios since their launch last year.
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