Twelve North American states have invested $330 million in Strategy stock through their pension funds and treasuries. Notable investors include California, Florida, Wisconsin, and North Carolina.
California Leads in Strategy Investment
California holds the largest share of Strategy stock through its pension funds. CalSTRS owns 285,785 shares worth approximately $83 million, while CalPERS holds 264,713 shares valued at $76 million.
Other States Increasing Their Holdings
Florida holds 160,470 shares, Wisconsin owns 100,957 shares, and North Carolina has invested $22 million. Other states, including New Jersey, Arizona, Colorado, and Texas, also have investments in Strategy.
Reasons for Investing in Strategy
Public funds are investing in Strategy to gain indirect exposure to Bitcoin. The company holds 478,740 BTC, making it the largest corporate holder. Strategy's stock price has surged recently, enhancing investor confidence.
The rise in Strategy's stock price and increased purchases by pension funds indicate a growing institutional interest in Bitcoin.
