South Korea's National Pension Service (NPS) bought 245,000 shares of Bitcoin developer MicroStrategy in the second quarter of this year, the purchase was disclosed in a 13F filing with the U.S. Securities and Exchange Commission (SEC). Although the fund sold 23,956 shares of Coinbase in the second quarter of this year, this investment is another indirect investment in Bitcoin after purchasing 282,673 shares of Coinbase in the third quarter of last year.
It is worth noting that as of July 31, MicroStrategy held 226,500 bitcoins, becoming the largest corporate holder of bitcoin other than spot bitcoin ETF issuers.
That means Bitcoin is likely to rise in the fourth quarter of this year. After an in-depth study of Bitcoin's price performance in the halving year, Moreno found that Bitcoin's performance so far this year is very similar to that in 2016 and 2020.
“If prices are going to go up, it’s going to be in the fourth quarter,” Moreno said.
