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NZ Fund’s KiwiSaver Growth Strategy fund, which had investments worth just over $350 million at the end of December, had around 5 per cent of its money in bitcoin, Grigor said.

that's around 17.5m they've invested in bitcoin in case you are wondering....

Bitcoin Astronaut GIF by Bitrefill

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New Zealand's KiwiSaver Growth Strategy Fund has invested 5% of its money in bitcoin. The fund's chief investment officer, James Grigor, said he expects competitors to follow suit over the next five years. The NZ$350 million (US$244 million) fund first began investing in cryptocurrency in October 2020.

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