12 U.S. States Invest $330 Million in Strategy Stock for Bitcoin Exposure.
As Bitcoin continues to capture the world’s attention, an increasing number of U.S. states are quietly making big moves to tap into its potential.
California is the biggest investor in Strategy, with its State Teachers Retirement System (CalSTRS) owning 285,785 shares worth around $83 million. Other state funds in California, including the California Public Employees’ Retirement System (CalPERS), also hold significant positions in Strategy, with CalPERS owning 264,713 shares valued at $76 million.
These funds are drawn to Strategy because its business model revolves around acquiring Bitcoin, making it a popular choice for states seeking to tap into Bitcoin’s growth.
Strategy’s focus on Bitcoin makes its stock an appealing option for states that want exposure to the cryptocurrency market. With Bitcoin’s long-term potential, investing in Strategy allows these states to indirectly benefit from Bitcoin’s rise.
Despite its success, Strategy has faced challenges. In its Q4 2024 earnings report, the company revealed a $670.8 million loss, mostly due to a $1 billion impairment charge on its Bitcoin holdings. This shows the risks of holding such a large amount of a volatile asset like Bitcoin. However, Strategy remains confident in its long-term Bitcoin strategy, which is central to its future growth.
Source: COINPEDIA