on the X social media network, MicroStrategy co-founder Michael Saylor has predicted that US pension funds, which collectively manage more than $27 trillion in assets, will need"some Bitcoin."His prediction is now far-fetched. In a Tuesday filing, the State of Wisconsin Investment Board , the agency that manages the state's public pensions, disclosed that it had acquired $99 million worth of shares of BlackRock's Bitcoin ETF .
Earlier this month, BlackRock's Robert Mitchnick revealed that some major institutional investors, including pension funds, were in the process of performing due diligence before dipping their toes into Bitcoin. Multiple major firms have disclosed their Bitcoin ETF holdings ahead of the deadline for quarterly 13F regulatory filings which is set for May 15.
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