The Wisconsin State Investment Board announced that it has significantly increased its stake in BlackRock’s iShares Bitcoin Trust, purchasing approximately $100 million more shares in the second fiscal quarter of 2024.
According to a recent filing with the Securities and Exchange Commission (SEC), the board purchased 2,898,051 shares worth approximately $98.9 million in spot BTC ETFs.
In addition to its investment in Bitcoin, the board has also expanded its portfolio in other high-profile tech and crypto assets. The latest filing reveals the purchase of 98,446 shares of cryptocurrency exchange Coinbase worth about $21.9 million. The board also bought 115,084 shares of Bitcoin miner Marathon Digital worth about $2.3 million, 278,165 shares of investment app Robinhood worth over $6.3 million, and 338,977 shares of digital payments firm Block Inc worth about $21.9 million.
This marks the second consecutive quarter in which the Wisconsin State Investment Board has announced significant investments in spot Bitcoin ETFs.
*This is not investment advice.