The State of Wisconsin Investment Board (SWIB) has fully exited its Bitcoin investment by selling all of its $321 million holdings in BlackRock’s iShares Bitcoin Trust (IBIT).
According to a 13F filing dated March 31, 2025, SWIB sold all 6,060,351 IBIT shares, securing an estimated profit of $157 million.
The board initially entered the Bitcoin market in May of the previous year with a $100 million investment. It later shifted its entire crypto exposure to IBIT after divesting from Grayscale's GBTC, eventually increasing its position to $321 million by February.
Although SWIB has exited Bitcoin, it has not completely left the crypto space retaining approximately $19 million in Coinbase stock as part of a more cautious approach to the sector.
