The California State Employees’ Retirement System (CalPERS), the largest state pension fund in the US, has increased its exposure to Strategy (MSTR) – a company known for its strategy of holding Bitcoin as a treasury reserve asset.
According to the latest published report, CalPERS has purchased 183,444 shares of Strategy, with an estimated investment value of approximately $29 million as of this year.
This information indicates that the actual allocation size is smaller than some previous estimates, thereby clarifying CalPERS’ level of involvement in Strategy. Although the proportion remains modest compared to the fund’s overall portfolio, this investment is notable due to the close relationship between Strategy and Bitcoin through treasury management strategies.
This move reflects a trend among large institutional investors seeking to approach Bitcoin indirectly, through shares of publicly traded companies, rather than directly holding cryptocurrency assets.
Since Strategy’s stock performance is highly correlated with Bitcoin price volatility, CalPERS’ position can be viewed as a controlled allocation to Bitcoin-related risk, while still remaining within the framework of traditional equity investment.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Transaction Fees Fall to 2011 Lows As Analysts Warn of Slowing Network Activity
A new wave of debate hit crypto social media after Crypto Rover posted that Bitcoin fees had fallen to 2.5 BTC a day, the lowest level since 2011, and argued that on-chain demand was fading. The chart attached to the post shows two things at once: a sharp drop in total transaction fees and a much st
BlockChainReporter36m ago
Bitcoin’s ‘no direction’ action may lead to heavier breakout: Analyst
Bitcoin's prolonged consolidation below $70,000 may indicate a potential rally, despite mixed analyst sentiment. While some predict a breakout, others warn of deeper bearish trends. Current trading is stagnant, with Bitcoin at $66,890.
Cointelegraph37m ago
Bitcoin Enters Best Buy Zone Since 2022, Fourth Parabolic Bitcoin Move Expected
Bitcoin enters best buy zone since 2022.
This leads experts to expect the fourth parabolic Bitcoin move to play out soon.
The price of BTC could hit $190,000 by 2030, presenting a perfect time to accumulate now
The crypto community continues to watch the crypto market closely as the pri
CryptoNewsLand2h ago
