The Wisconsin State Investment Board (SWIB), one of the first US state pension funds
Background quoted in the stock market, he completely left his position in the first quarter, since the price of the largest cryptocurrency fell around 12%.
At the end of 2024, the Board had more than 6 million shares in the Ishares Bitcoin Trust (Ibit) of Blackrock, a position valued at around $ 350 million depending on recent prices. That participation has already disappeared, according to its last presentation of 13f.
The download occurred less than a year after Wisconsin reached the holders as an early institutional adopter of newly approved cryptographic investment vehicles and contrasts with the activity of the Board only a few months before. At the end of 2024, Swib doubled more than its exposure to Bitcoin by increasing its Ibit holdings of approximately 2.9 million to more than 6 million shares.
The Board added indirect exposure to Bitcoin through the actions of the strategy (MST). In the first quarter he added 26,571 Mstr shares, for a value of around $ 10.5 million.
Established in 1951, Swib manages more than $ 160 billion in assets, serving Wisconsin state employees through the Wisconsin retirement system and other funds.
In contrast, Mubadala Investments, the Sovereign Fund of Richness of Abu Dhabi, increased its participation in the Blackrock Ibit in the first quarter of the year. The fund, its last 13f shows, added a little more than 490,000 shares valued at around $ 29 million.
Bitcoin has increased 27% to operate about $ 103,750 since the end of the quarter.
