Third Largest US Pension Fund Invests in MicroStrategy for Indirect Bitcoin Exposure
The California State Teachers’ Retirement System (CalSTRS) has invested $34.9 million in MicroStrategy (MSTR), adding 25,346 shares to their portfolio. The investment in MSTR exposes CalSTRS indirectly to bitcoin due to Strategy becoming the first and largest bitcoin treasury company, which holds 629,376 BTC. CalSTRS is the 3rd largest pension fund in the United States. […]