The Wisconsin Investment Board considered that it adds significantly to its bet of Bitcoin (BTC) in the last three months of the year.
The Wisconsin State Investment Board (SWIB) revealed the property of just over 6 million shares of Blackrock’s Ishares Bitcoin Trust (IBIT) as of December 31, according to a 13F presentation on Friday, compared to approximately 2.9 million shares three months before.
The position was valued at $ 321 million from the end of the year and would be worth around $ 588 million at the current price of Bitcoin about $ 98,000.
The fund in 2024 became the first of its kind to inform Bitcoin’s ETF purchase, initially buying 94,562 Ibit shares and some Bitcoin Trust (GBTC) shares of Grayscale, which he later sold.
The Michigan state retirement system also reported that it had actions of Bitcoin ETFs, the ETF Bitcoin (ARKB) ARK 21Shares and two of the Bitcoin products in Grayscale.
Swib, established in 1951, supervises more than $ 156 billion in assets, including Wisconsin retirement system (WRS) and the State Investment Fund (SIF). The Board manages investments on behalf of state employees and other fiduciary funds.
Today it marks the deadline for institutional investors that administer at least $ 100 million in assets to inform quarterly participations to the stock exchange and securities commission (SEC). The market is closely monitoring these presentations to measure if large traditional financial companies have been adding Bitcoin ETF to their portfolios since its launch last year.
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