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The State of Wisconsin Investment Board invested nearly $187.1 million in cryptocurrency-related funds in May 2024.

By the end of 2024, the board's initial $99 million investment in iShares Bitcoin Trust had grown to $321 million.

SEC filings from March show the board has since sold its shares in both the iShares and Grayscale Bitcoin Trusts.

The board has not disclosed the exact timing of the sales or the total profit made from the transactions.

In less than a year, the State of Wisconsin Investment Board invested in multiple cryptocurrency funds, made about $200 million, and then got out.

In May 2024, the board, which manages the assets of the Wisconsin Retirement System, invested roughly $187.1 million in funds associated with bitcoin and cryptocurrencies.

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