North Dakota Raises Strategy Stake 10.8% in Third Quarter
Summary
- The North Dakota State Investment Board said it had significantly increased its holdings of Strategy, the world's largest corporate holder of Bitcoin.
- The North Dakota State Investment Board said it held 10,275 shares of Strategy as of the end of the third quarter, up 10.8% from the previous quarter.
- The North Dakota State Investment Board said it expanded its cryptocurrency exposure through investments in digital asset treasury (DAT) companies while managing $29 billion in assets.
Forecast Trend Report by Period
North Dakota has sharply increased its holdings in Strategy, the world's largest corporate holder of Bitcoin.
BitcoinTreasuries said on October 29 that the North Dakota State Investment Board recently disclosed to the Securities and Exchange Commission that it held 10,275 shares of Strategy as of the end of the third quarter. That was up 10.8% from the previous quarter. The stake was valued at $1.57 million at the end of the third quarter.
The North Dakota State Investment Board manages $29 billion in assets, including public pension funds and other state government funds. The increase in its Strategy stake marks an expansion of the state's cryptocurrency exposure through investments in digital asset treasury, or DAT, companies.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul