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Ontario Health Pension Fund Invests $13M in Bitcoin Treasury Firm Strive

The $90 billion Ontario healthcare pension fund’s $13 million investment in Strive highlights growing institutional participation in Bitcoin-focused firms.

BTC

Summary

Ontario’s $90 billion healthcare pension fund has invested $13 million to purchase 14.8 million shares of Strive (ASST), a firm holding Bitcoin in its corporate treasury. This move, reported by BitcoinTreasuries on Dec. 23, signals increased institutional participation in companies that integrate Bitcoin into their asset strategies.

Terms & Concepts
  • Bitcoin treasury company: A business that holds Bitcoin as part of its corporate reserves to manage value and hedge against inflation.
  • Institutional investment: Large-scale investment activities conducted by organizations such as pension funds, mutual funds, or insurance companies.