Japan’s $1.5 trillion government fund is seeking information on illiquid assets, including Bitcoin, to diversify its portfolio.

The Japanese Government Pension Investment Fund (GPIF) is seeking information on options to potentially include Bitcoin (among other illiquid assets) in its investment portfolio.

The fund said Tuesday that it is formally asking the public to submit information on illiquid assets such as bitcoin, gold and agricultural land. It was announced that this was part of a five-year study to innovate investment strategies in response to economic and social changes and rapid technological development.

However, as this announcement is at the data collection stage prior to full-scale discussion, it is difficult to say that it suggests the pension fund’s propensity for Bitcoin.

As of the third quarter of 2023, GPIF had approximately 224.7 trillion yen (USD 1.5 trillion) under management. According to Bloomberg, it is the largest pension fund in the world.

This comes as the price of Bitcoin has fallen 5.43% to $64,005 over the past 24 hours, giving back some of last week’s record gains. However, it has maintained an upward trend of more than 50% so far.

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