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AMP to Increase Bitcoin Holdings by Over 10% by June 30, 2025?
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AMP's official financial disclosures or announcements
Story
AMP, with $56B AUM, Invests $27M in Bitcoin, First Domino in Australia's $4T Super Fund Industry
Dec 12, 2024, 09:45 AM
AMP, a major Australian retirement fund with $56 billion in assets under management, has become the first superannuation fund in the country to invest in Bitcoin, purchasing $27 million worth of the cryptocurrency. This move is seen as the first domino to fall in a $4 trillion industry, potentially influencing other funds to consider similar investments. The investment comes at a time when Bitcoin is approaching a vital $100,000 price level, marking a monumental milestone in its evolution into a global financial force.
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