And it is own by the Government of Singapore, and we all know that Singapore is one of the most crypto friendly countries. Interesting to see how much they are willing to invest on bitcoin though, it said they manage a net portfolio of $306 billion, that's huge, but I speculate that they could be just testing some grounds on bitcoin and could be investing in millions initially.
I have not heard much about Singapore even though i heard it has some liberal laws when it comes to cryptocurrency market but i did not know that the government is investing in bitcoin and if that is the situation they might be the first government to publicly invest in bitcoin and if they have a net portfolio of $306 billion then they have invested a few billions in the cryptocurrency market as well.