The State of Wisconsin Investment Board (SWIB) significantly increased its stake in BlackRock’s iShares Bitcoin Trust (IBIT), more than doubling its holdings to over 6 million shares by the end of 2023. This represents a 107% increase from the 2.9 million shares it held three months prior. The value of this position stands at $340 million at IBIT’s current price of $56.10, but would be worth approximately $588 million at bitcoin’s current price near $98,000. SWIB, managing over $156 billion in assets, was the first state fund to report a bitcoin ETF purchase in 2024, initially acquiring 94,562 shares of IBIT. The State of Michigan Retirement System also disclosed bitcoin ETF holdings in 2024, but has yet to file its year-end positions.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
