FIRST STATE PURCHASE OF BTC š¦
BREAKING: State of Wisconsin Buys Nearly $100M Worth of BlackRock Spot Bitcoin ETF
I knew thereād be moreā¦
And this may be the most unexpected one yet.
The state of Wisconsin has just disclosed its Bitcoin holdings.
Thatās right - a state government now holds Bitcoin.
Through a quarterly 13F filing with the SEC, we can see that the State of Wisconsin Investment Board (SWIB) holds ~$100 million in BlackRockās IBIT.
This disclosure marks SWIB as the first state-level institution to announce its Bitcoin holdings.
The filing also discloses that SWIB holds over $63 million in Grayscaleās GBTC.
Making their total investment into Bitcoin worth ~$163 million.
Today is also the deadline day for these 13F filings, so there still could be some last minute surprisesā¦
The point to focus on?
Institutions tend to move in herds. š