South Korea's National Pension Service held approximately 708.4 billion KRW (531 million USD) in US crypto-related stocks during Q3 2026, according to SEC filings disclosed on the 13th. The holdings represent a 22.3% increase from the previous quarter and include five companies: Strategy, Coinbase, Block, Robinhood, and newly added Circle. The portfolio expansion reflects the pension fund's continued exposure to the digital asset sector through publicly traded US equities.
NPS Portfolio Breakdown Shows Robinhood as Largest Holding
According to SEC data, the National Pension Service's Q3 2026 holdings in crypto-related stocks totaled approximately 531.01 million USD (708.41 billion KRW). By company, the breakdown is:
- Robinhood: 262.32 million USD (349.96 billion KRW)
- Strategy: 137.94 million USD (184.03 billion KRW)
- Block: 69.12 million USD (92.21 billion KRW)
- Coinbase: 61.29 million USD (81.77 billion KRW)
- Circle: 340,000 USD (452.63 million KRW)
Robinhood represented the largest single position, accounting for approximately 49.4% of the total crypto stock portfolio.
Strategy Posts 74.9% Valuation Increase in Q3 2026
Compared to Q2 2026, Strategy showed the largest valuation increase at 74.9%. Coinbase and Robinhood also increased by 14.6% and 13.8% respectively. Block decreased by 2.9%.
By share count, Strategy holdings decreased from 907,442 shares to 901,040 shares (down 0.7%), and Coinbase decreased from 365,896 shares to 328,784 shares (down 10.1%). Robinhood increased from 2,298,238 shares to 2,331,736 shares (up 1.5%), and Block increased from 936,971 shares to 939,990 shares (up 0.3%).
The National Pension Service's crypto stock holdings have increased for two consecutive quarters. After reaching a record high of approximately 608.07 million USD (811.22 billion KRW) in Q3 2025, holdings decreased to approximately 362.71 million USD (483.89 billion KRW) in Q1 2026, then increased to approximately 434.05 million USD (579.07 billion KRW) in Q2 2026.
NPS Adds Circle as New Investment in Q3 2026
The Q3 2026 addition of Circle stock marks a new position for the National Pension Service. Circle is the issuer of USDC (USD Coin), the second-largest dollar-pegged stablecoin by market capitalization. Korea Investment Corporation (KIC) also added Circle stock to its portfolio in Q2 of the same year.
FAQ
What did South Korea's National Pension Service hold in US crypto stocks during Q3 2026?
The National Pension Service held approximately 708.4 billion KRW (531 million USD) in US crypto-related stocks during Q3 2026, distributed across five companies: Robinhood, Strategy, Block, Coinbase, and Circle.
Which crypto stock showed the largest increase in the National Pension Service portfolio in Q3 2026?
Strategy showed the largest valuation increase at 74.9% compared to Q2 2026, followed by Coinbase at 14.6% and Robinhood at 13.8%.
Why did the National Pension Service add Circle to its portfolio in Q3 2026?
The National Pension Service added Circle, the issuer of USDC stablecoin (second-largest dollar-pegged stablecoin by market cap), as a new position in Q3 2026. Korea Investment Corporation also added Circle stock in Q2 of the same year.
