The state of the Wisconsin Investment Board (SWIB), one of the first United States State Pension Funds to invest in a Bitcoin area Btc$104,098.54 The funds exchanged by the exchange, exit the full position in the first quarter as the price of the largest cryptocurrency fell about 12%.
By the end of 2024, the Board held more than 6 million shares in Blackrock’s Ishhares Bitcoin Trust (IBIT), a position worth about $ 350 million based on recent prices. That stake has gone, according to the latest 13F filing.
The offload occurred less than one year after producing Wisconsin titles as an early institutional adopter of newly approved crypto investment vehicles and contrast to board activity only months. In the late 2024, Swib more than double its exposure In Bitcoin by increasing its holdings from about 2.9 million to more than 6 million shares.
The board has added indirect exposure to Bitcoin sharing by approach (MSTR). In the first quarter it added 26,571 MSTR shares, worth $ 10.5 million.
Established in 1951, the Swib manages more than $ 160 billion in properties, which serves state employees of Wisconsin through the Wisconsin Retirement System and other funds.
In contrast, the Mubalad investments, Abu Dhabi’s highest wealth fund, has increased its stake on Blackrock’s Ibit in the first quarter of the year. The fund, its Latest 13F showadded to a little over 490,000 shares worth about $ 29 million.
Bitcoin rose 27% to trade near $ 103,750 since the end of the quarter.
