The State of Wisconsin Investment Board (SWIB), one of the first US state pension funds to invest in a bitcoin spot
The Stock Exchange Fund left its position entirely in the first quarter, because the price of the largest cryptocurrency dropped by around 12%.
At the end of 2024, the board of directors held more than 6 million shares of Ishares Bitcoin Trust (IBIT) of BlackRock, a position worth around 350 million dollars on the basis of recent prices. This participation has now disappeared, according to its latest file 13F.
Unloading occurred less than a year after Wisconsin made the headlines as a first institutional adopter of newly approved cryptographic investment vehicles and contrasts with the activity of the board of directors a few months earlier. At the end of 2024, Swib more than doubled its exhibition in Bitcoin by passing its Ibit assets from around 2.9 million to more than 6 million shares.
The board of directors added an indirect exposure to Bitcoin via strategy shares (MSTR). In the first quarter, he added 26,571 MSTR shares, worth around $ 10.5 million.
Created in 1951, SWIB manages more than $ 160 billion in assets, serving employees of the Wisconsin State through Wisconsin System withdrawal and other funds.
On the other hand, Mubadala Investments, the sovereign fund of Abu Dhabi, increased his participation in the Ibit of BlackRock in the first quarter of the year. The fund, its last shows 13F, added just over 490,000 shares worth around 29 million dollars.
Bitcoin has increased by 27% to negotiate nearly $ 103,750 since the end of the quarter.
