First investment in the digital asset market by an Australian pension fund.
Australian financial giant AMP has become the first national pension fund to invest in Bitcoin, allocating $27 million—equivalent to 0.05% of its $57 billion in assets under management.
The investment, made at prices ranging between $60,000 and $70,000, has been confirmed by the company as part of a broader diversification strategy aimed at improving returns and managing risk.
Stuart Eliot, AMP’s head of portfolio management, stated in an interview with Super Review:
“We decided to take a small, controlled position after careful analysis by our investment team.”
The news began circulating after a LinkedIn post by Steve Flegg, senior portfolio manager at AMP, who announced that the company entered Bitcoin following its exceptional performance over the past year.
According to Richard Holden, an economist at the University of NSW, this move marks a significant step for Australian public funds.
In contrast, AMP’s major competitors—AustralianSuper, Australian Retirement Trust, and MLC—remain cautious, currently excluding direct investments in digital assets while leaving the door open to future opportunities.
