Korean Investment Giant KIC May Invest in Crypto Directly

• KIC will consider direct crypto investment when the industry secures legal stability.
• The KIC invested KRW 4.2 billion in MicroStrategy.
• KIC’s MicroStrategy option is an investment diversification strategy.

Korea Investment Corporation (KIC) president Park Il-young has said his firm would consider investing in virtual assets as soon as the industry secures legal stability. Il-young made the statement during a South Korean National Assembly audit. He clarified that his corporation’s KRW 4.2 billion (approximately $3 million) investment in MicroStrategy was purely a strategic move.

Il-young’s statement about MicroStrategy during the National Assembly audit answered questions about his firm’s cryptocurrency investment. According to Il-young, KIC has a broader strategy for diversifying into companies with a benchmark index rather than a targeted investment in the firm itself.

KIC’s Indirect Bitcoin Investment

Reports indicate that KIC added MicroStrategy Inc. to its U.S. stock direct investment portfolio in the second quarter of this year. Market analysts interpreted this as an indirect investment in Bitcoin, given MicroStrategy’s significant Bitc…

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