• U.S. state pension funds have invested $330 million in shares of Strategy, showcasing a rise in institutional interest in Bitcoin.
• The rebranding of MicroStrategy to “Strategy” has reinforced its leading position, with a total of 471,107 BTC in its portfolio.

Michael Saylor’s company, now known as Strategy, continues to be a major player in cryptocurrency news, primarily due to its assertive approach to accumulating Bitcoin [BTC].

The firm has recently garnered attention once again as reports indicate that several U.S. states are making substantial investments in its stock.

As of late 2024, various state pension funds and treasuries in the U.S. collectively own shares of Strategy worth $330 million, signaling an increase in institutional confidence.

12 States Invest in Saylor’s Strategy

Bitcoin analyst Julian Fahrer pointed out that California, Florida, Wisconsin, and North Carolina are among the states with the largest stakes, sparking discussions about the company’s growing influence in both the cryptocurrency and financial landscapes.

He commented,

“Big Strategy update: 12 U.S. states reported public $MSTR holdings in Q1 (pension funds or Treasury) totaling $330 million.”

As of February 14, California’s State Teachers Retirement System boasts the largest investment, holding 285,785 shares valued at around $83 million.

This fund, which oversees approximately $69 billion in investments, also has a significant position with 306,215 shares of Coinbase valued at $76 million.

Additional Investments

Equally impressive, the California Public Employees’ Retirement System has invested in 264,713 shares of Strategy, worth $76 million, in addition to holding $79 million in Coinbase stock.

These investments highlight the increasing institutional interest in Bitcoin exposure through Strategy, which continues to be the largest corporate holder of Bitcoin globally with 478,740 BTC valued at approximately $46 billion.

Other states are also making significant moves, with notable contributions from Florida, Wisconsin, and North Carolina retirement funds.

The Florida Retirement System possesses 160,470 shares of Strategy, valuing around $46 million, while the Wisconsin Investment Board has invested $29 million in the company’s stock.

Additionally, North Carolina’s Treasurer holds $22 million worth of shares in Strategy.

Strategy’s Bitcoin Achievements

Strategy’s ongoing Bitcoin acquisitions, including a notable purchase of 7,633 BTC in February 2024, enhance its standing as a key player in the cryptocurrency market.

Moreover, the shift from MicroStrategy to “Strategy” ahead of its Q4 earnings report emphasizes its dedication to Bitcoin, establishing itself as the first “Bitcoin Treasury Company.”

Holding a remarkable 471,107 BTC, which includes 194,180 acquired in Q4 alone, the company has cemented its role as a significant player in the Bitcoin arena.

Despite achieving a 74.3% yield on its Bitcoin assets for 2024, Strategy encountered rising costs, resulting in a $1.006 billion loss on digital assets and an overall net loss of $670.8 million for the quarter.

MSTR and Bitcoin Market Trends

These developments have certainly impacted the stock price of Strategy, which saw an increase of 3.04%, reaching $337.73 according to Google Finance.

Conversely, Bitcoin saw a slight drop of 1.47%, trading at $96,237.28.

While Bitcoin market sentiment remains fluctuating, the bullish initiatives from Strategy indicate a rise in institutional adoption.

Despite facing short-term setbacks, the company’s proactive Bitcoin acquisition strategies and rebranding efforts may continue to position it as a formidable influence in the cryptocurrency market in the years ahead.