Investment Commission, which oversees Wisconsin Pension Funds, reports holding about $321 million in Bitcoin

PANews reported on February 15 that according to Cointelegraph, the Wisconsin Investment Commission, the agency responsible for overseeing Wisconsin pension funds, increased its Bitcoin holdings to about $321 million, according to a document filed with the U.S. Securities and Exchange Commission on February 14.

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 Bitcoin ETF. At that time, the pension fund held approximately 2.4 million shares of BlackRock iShares Bitcoin Trust (IBIT), worth $100 million, and Grayscale 1 million shares of 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 Commission’s increase in investment in Bitcoin highlights a trend in pension funds allocating part of their assets to Bitcoin to hedge currency inflation and diversify their portfolios.