South Korea’s NPS bought 245K MSTR shares in Q2. SEC Approves MSTX!

South Korean NPS bought 245K MSTR in Q2

South Korea's National Pension Plan disclosed in its most recent 13F filing with the SEC that it bought 245,000 shares of MicroStrategy ( MSTR ) during the second quarter. MSTR's stock price is up 92 percent year-to-date, with most of the gains coming in the first quarter of this year.

The South Korean National Pension Plan's total investment value for acquiring MSTR shares is 46 billion won, or $33.7 million, which accounts for 0.04% of NPS's direct investment portfolio in US stocks.

During the third quarter of 2023, NPS acquired a whopping 282,673 shares of Coinbase (COIN) as it began direct investment in the crypto industry. COIN's stock price, which was trading at $78, has now increased 3x to $222 by the end of the second quarter. Notably, MicroStrategy is the largest single corporate owner of Bitcoins and currently holds over 1% of the total Bitcoin supply in the market.

SEC Approves MSTX, First Single-Stock ETF!

Defiance ETFs CEO Sylvia Jablonski tweeted that the SEC has approved MSTX, the first single-stock ETF targeting micro-strategies. The fund, which began trading on August 15, aims to provide investors with 175% daily targeted exposure to MicroStrategy's stock performance.

This ETF, which offers 175% of the microstrategy's daily stock movements, offers a unique high-risk, high-reward opportunity for investors seeking exposure to Bitcoin through the company's significant holdings.

“Given the microstrategy's inherent beta relative to bitcoin, MSTX offers investors a unique opportunity to maximize their exposure to the bitcoin market within an ETF portfolio,” said Sylvia Jabonski, CEO of Defiance ETFs.

It allows investors to gain leveraged exposure to micro-strategies that can maximize the returns and risks associated with Bitcoin's performance, without the need for a margin account. However, Defiance ETFs cautions that MSTX is designed for sophisticated investors who actively monitor and manage their portfolios.

Bloomberg Senior ETF Analyst Eric Balchunas recently tweeted that the upcoming Defense ETFs 1.75x leveraged MicroStrategy ETF ($MSTX) is poised to be one of the most volatile ETFs in the US market.