Wisconsin’s Investment Council found it appropriate to add its Bitcoin (BTC) bet in the last three months of the year.
The state of Wisconsin Investment Board (Swib) revealed ownership of just over 6 million shares in Blackrocks Ishares Bitcoin Trust (Ibit) per. 31 December per 13F archiving Friday, up from approx. 2.9 million shares three months before.
The position was appreciated at $ 321 million from the end of the year and would be worth around $ 588 million to Bitcoin’s current award near $ 98,000.
The Fund in 2024 became the first of its kind to report a Bitcoin Etf purchase that originally bought 94,562 shares of Ibit and some shares in Grayscales Bitcoin Trust (GBTC), which later sold.
The state of Michigan Retirement System later also reported to own shares in Bitcoin ETFS, ARK 21Shares Bitcoin ETF (ARKB) and two of Grayscales Bitcoin products.
Swib, established in 1951, oversees more than $ 156 billion in assets, including Wisconsin Retirement System (WRS) and State Investment Fund (SIF). The Board of Directors administers investments on behalf of state employees and other trust funds.
Today, the deadline for institutional investors who administer at least $ 100 million marks in assets to report quarterly possessions to Securities and Exchange Commission (SEC). The market closely monitors these filing to measure whether large traditional funding companies have added Bitcoin ETFs to their portfolios since their launch last year.
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