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. This comes amid President Donald J. Trump issuing an executive order titled, “Democratizing Access to Alternative Assets for 401(k) Investors.”
MSTR is valued at $337.58 per share on August 21, 2005.