National Pension Service Sells Stake in Coinbase Global

National Pension Service has reduced its holdings in Coinbase Global, Inc., a cryptocurrency exchange platform. In its latest quarterly disclosure, the pension fund revealed that it had sold 154,619 shares during the period, decreasing its stake by 34.2%.

The company's ownership of Coinbase Global's stock is now valued at $67.4 million as of its most recent filing with the Securities and Exchange Commission. This news comes amidst a broader trend in the cryptocurrency market, where institutional investors are reevaluating their holdings due to regulatory changes and market fluctuations.