April 25, 2024

Pension fund with assets of $ 30 billion invested in mining companies

The New Jersey Pension Fund has gained an indispensable access to bitcoin and cryptocurrencies by investing in mining companies.

</p>

The fund with the combined assets of public servants in the amount of $ 30 billion acquired shares in two of the largest companies Riot Blockchain and Marathon Digital Holdings, which are taking up a popular offer.

According to the documents, at the end of June, the Total Pension Fund D invested $ 3.66 million in Riot Blockchain and $ Z9 million in Marathon.

Currently, RIOT promotions are traded by $28.10, which is 64% below the mid-February record of $ 77.90. For the MARA shares, they cost $ 24.64, which is 56.4% lower than the peak at the beginning of April at $ 56.56.

THIS IS NEW JERSEY'S FIRST INVESTMENT IN THE CRYPTOCTOP, ONE THIS IS NOT LATER THIS, AS THE OTHER PENSION FOUNDATIONS ALSO CHANGE THE BOOKING RATE.

At the end of last year, the pension systemprovision of public servants of California (CalPERS) with assets for the amount of $ 441 billion bought an additional number of shares and now owns 11Z 0Z4 in shares of $ 2 RIOT.

</p></p>