Australian pension fund AMP has allocated $27 million from its portfolio to Bitcoin

ChainCatcher news, Australian pension fund AMP has allocated $27 million of its portfolio to Bitcoin. AMP stated that this investment represents 0.05% of its $57 billion in assets under management.

AMP indicated that this move is based on a diversified investment strategy aimed at capturing Bitcoin's growth potential in the market. AMP also emphasized that its cryptocurrency investments remain within conservative risk boundaries.