South Korea’s pension fund bags 280K Coinbase shares: SEC data
South Korea’s National Pension Service, one of the world’s largest pension funds, invested $20 million in Coinbase in Q3 2023. The National Pension Service (NPS), a public pension in South Korea and one of the world’s largest pension funds, bought just over 280,000 share s of the global cryptocurrency exchange Coinbase in the third quarter of this year, an investment that has gained 39% in value since the purchase. The NPS acquired 282,673 Coinbase (COIN) share s in the third quarter of 2023, according to a stock holdings report filed with the United States Securities and Exchange Commission (SEC) on Nov. 15. The investment is worth $27.7 million based on Coinbase’s last recorded close of $98.15 on Nov. 15, according to data from TradingView. According to the SEC filing, the NPS has acquired its Coinbase stock batch for about $19.9 million, which implies that the pension fund’s profit equaled $7 million, or 39%. According to a report by the local news agency News1, the recent Coinb...