So, it turns out that twelve states in North America are holding onto Strategy stock (formerly known as MicroStrategy) like it’s the last slice of pizza at a party. As of the end of 2024, these states have a combined total of $330 million in their state pension funds or treasuries. 🍕💸
According to Bitcoin analyst Julian Fahrer (who probably has a crystal ball), California, Florida, Wisconsin, and North Carolina are the big players in this game of financial Monopoly. 🏦
California’s teacher retirement fund is the heavyweight champion here, boasting 285,785 shares worth around $83 million. That’s right, teachers are cashing in on more than just apples! 🍏💵
And speaking of California, their State Teachers Retirement System fund, which is sitting pretty at $69 billion in various stocks, also has a crush on Coinbase (COIN) with 306,215 shares worth $76 million. Because who doesn’t want a little crypto in their retirement plan? 📈
The California Public Employees’ Retirement System is also getting cozy with Strategy stock, holding 264,713 shares worth around $76 million. They also have $79 million worth of Coinbase stock. I guess they really like to diversify their retirement cocktail! 🍹
Now, let’s talk about Strategy itself. This company is the world’s largest corporate holder of Bitcoin (BTC), with a jaw-dropping 478,740 coins worth around $46 billion. Holding its stock is like getting a VIP pass to the Bitcoin party without having to show up! 🎉
In a recent shopping spree, the firm snagged 7,633 BTC at the price of $97,255 per coin. Talk about retail therapy! 🛍️
Meanwhile, the State Board of Administration of Florida Retirement System fund is holding 160,470 Strategy shares worth $46 million. The State of Wisconsin Investment Board is also in the mix with 100,957 shares worth around $29 million. Who knew retirement funds could be so exciting? 🎢
The Treasurer of North Carolina is sitting on $22 million worth of MSTR, while New Jersey’s Police and Firemen’s Retirement System and Common Pension Fund are holding $26 million worth between them. It’s like a financial game of tag! 🏷️
Other states getting in on the action include Arizona, Colorado, Illinois, Louisiana, Maryland, Texas, and Utah. Apparently, everyone wants a piece of the Strategy pie! 🥧
Oh, and let’s not forget that this business intelligence firm and Bitcoin treasury company rebranded to Strategy and adopted a Bitcoin-themed visual marketing scheme on Feb. 5. Because nothing says “serious investment” like a good rebranding! 🎨
MSTR stock has gained 16.5% since the beginning of 2025 and has skyrocketed a whopping 383% since the same time in 2024. Meanwhile, the broader crypto market has only managed a measly 62% over the past 12 months. Looks like someone is winning at this game! 🏆
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2025-02-17 06:50