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First Time a U.S Public Pension Fund Invests in Bitcoin and Ether
Oct 22, 2021(Last modified: Dec 19, 2023)
The Houston Firefighters’ Relief and Retirement Fund (HFRRF), a $5.5 billion pension fund, announced that it had added $25 million worth of bitcoin and ether to its portfolio. The is the first time a U.S. public pension fund invested in digital assets.
Bitcoin was trading around 5% lower today, dropping from its all-time high of almost $67,000 achieved on Wednesday.
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