Coinspeaker
Michael Saylor’s Strategy (MSTR) Has Investments from 12 US State Retirement Funds
Michael Saylor’s Strategy, formerly known as MicroStrategy (NASDAQ: MSTR), has massive investments from 12 US states with a total exposure of more than $330 million in the MSTR stock. As per the latest observation by Bitcoin analyst Julian Fahrer retirement funds and treasuries of states like Florida, California, North Carolina, and Wisconsin, have the most exposure to Strategy.
California’s teacher retirement fund holds the largest stake in Michael Saylor’s Strategy, owning 285,785 shares valued at approximately $83 million, according to a Form 13F filing with the US Securities and Exchange Commission (SEC) on February 14.
Along with Strategy, the State Teachers Retirement System (STRS) of California, with a total portfolio of $69 billion in stocks, also has a significant position in Coinbase (COIN). The filing shows that it holds 306,215 COIN shares worth $76 million.
On the other hand, the California Public Employees’ Retirement System (CalPERS) holds 264,713 shares in Strategy stock valued at approximately $76 million. With Michael Saylor‘s Strategy having a massive stash of Bitcoin Holdings, it has become the best proxy bet for institutional players over the past few years. The same has also been reflected in MSTR stock price which has given nearly 3x returns than Bitcoin during 2024.
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Source: Julian Fahrer
Michael Saylor’s Strategy is the world’s largest corporate holder of Bitcoin, with 478,740 BTC
BTC
$95 677
24h volatility:
1.2%
Market cap:
$1.90 T
Vol. 24h:
$27.01 B
valued at approximately $46 billion at current prices. Investing in its stock offers a way to gain exposure to Bitcoin indirectly. This comes following last week’s acquisition of 7,633 BTC at an average price of $97,255 per coin.
Since the beginning of 2025, MSTR stock has surged 16.5% and has skyrocketed 383% compared to the same time last year, significantly outperforming the broader crypto market, which has gained 62% over the past 12 months.
Michael Saylor’s Strategy (MSTR) Stock in Demand among State-Pension Funds
The State Board of Administration of Florida Retirement System holds 160,470 shares of Strategy, valued at approximately $46 million. Meanwhile, the State of Wisconsin Investment Board owns 100,957 shares, worth around $29 million, according to recent filings.
The Treasurer of the State of North Carolina holds $22 million worth of Strategy stock, while New Jersey’s Police and Firemen’s Retirement System and Common Pension Fund together hold $26 million in shares.
Other states with investments in Strategy stock include Arizona, Colorado, Illinois, Louisiana, Maryland, Texas, and Utah, as reported by financial analyst Fahrer.
Michael Saylor’s Strategy (MSTR) Has Investments from 12 US State Retirement Funds
