South Korea's National Pension Service's crypto-related stock holdings have nearly tripled in value since Trump's election

The value of Bitcoin-related stocks held by the National Pension Service of South Korea (NPS) has nearly tripled since Trump's election. As of the end of September this year, NPS held 265,646 shares of Coinbase and 245,000 shares of MicroStrategy. Although NPS does not invest in cryptocurrencies directly, it has included cryptocurrency-related stocks such as Coinbase in its portfolio since the third quarter of last year. (Infomax) Earlier in October, the National Pension Fund of South Korea claimed that despite the recent purchase of cryptocurrency-related stocks, it has no plans to invest in crypto assets for the time being. The National Pension Service of South Korea (NPS) explained that its recent purchases of Coinbase and MicroStrategy stocks were "automatically" operated. The fund said it uses index management tools to manually track the benchmark Morgan Stanley Capital International Index (MSCI), and also uses the service of "entrusting individual corporate investments to entrusted management (providers)". Therefore, NPS will make purchases when Coinbase and MicroStrategy stocks are "included in relevant benchmark indices" or selected by entrusted management providers. Last year, NPS's fund managers bought $20 million worth of Coinbase shares. In August of this year, the fund invested $33.75 million in MicroStrategy shares.