Big Moves: A Pension Fund Bets Big on Bitcoin

A major Canadian pension fund has made a significant investment in Strive, a company focused on Bitcoin. The Healthcare of Ontario Pension Plan Trust Fund now owns over 5% of Strive's shares, worth about $37 million. This investment shows growing interest in Bitcoin from big institutions. Strive is a unique company. It holds a large amount of Bitcoin, making it one of the biggest corporate holders of the cryptocurrency. Earlier this year, Strive merged with another company, gaining access to potential funding of $1. 5 billion. As of now, Strive holds 7, 525 BTC, worth around $734 million. The investment comes at an interesting time. Bitcoin's price has been volatile, recently dropping by 4. 55% in the last 24 hours. Despite this, Strive's shares have seen a significant increase, up 134% year-to-date. However, the stock's trend has been weaker in the short, medium, and long terms. This investment is a sign of the times. More and more, big players are putting their money into Bitcoin and related companies. It's a risky move, but one that could pay off big if Bitcoin continues to grow.