The investment committee responsible for regulating Wisconsin pension funds reports holding approximately $321 million in Bitcoin

According to Cointelegraph, according to a document submitted to the US Securities and Exchange Commission on February 14th, the Wisconsin Investment Board, which is responsible for regulating Wisconsin pension funds, has increased its Bitcoin holdings to approximately $321 million. Wisconsin's pension fund previously disclosed in a May 2024 filing with the U.S. Securities and Exchange Commission that it holds $164 million in a Bitcoin ETF. At that time, the pension fund held approximately 2.4 million shares of BlackRock iShares Bitcoin Trust (IBIT) worth $100 million, as well as 1 million shares of Grayscale Bitcoin Trust (GBTC) worth $64 million. The latest documents from the pension fund show that the fund has allocated all of its BTC exposure to IBIT and no longer holds any GBTC shares. The Wisconsin Investment Board has increased its investment in Bitcoin, highlighting a trend of pension funds allocating some of their assets to Bitcoin to hedge against currency inflation and diversify their investment portfolios.