NPS Buys Coinbase, Makes 36%
Posted on 11/22/2023
Korea’s National Pension Service bought US$ 20 million in Coinbase, and has seen a significant profit of 36%. South Korea is an eager investor in digital assets, especially after a legal framework was established by the country earlier this year. The Virtual Asset User Protection Act combats unfair crypto practices.
NPS bought 282,673 Coinbase shares valued at roughly US$ 70 per share. It is trading today at US$ 110.
