Louisiana Fund Invests $3.2M in Bitcoin Strategy Shares

The Louisiana State Employees’ Retirement System (LASERS) disclosed it holds 17,900 shares in Strategy Inc., valued at approximately $3.2 million, according to BitcoinTreasuries.NET, as of January 29, 2025.

This investment highlights public pension funds’ increasing interest in indirect Bitcoin exposure through regulated equity, potentially impacting market dynamics and showcasing evolving cryptocurrency market strategies.

LASERS Expands Portfolio with $3.2M Strategy Shares

According to BitcoinTreasuries.NET, LASERS, managing over $15.60 billion in assets, now holds 17,900 shares of Strategy Inc. (MSTR), representing $3.20 million of its portfolio. Strategy, previously known as MicroStrategy, led by chairman Michael Saylor, enhanced its Bitcoin acquisition strategy to more than 190,000 BTC. As Michael Saylor remarked, “Strategy’s transformation has established it as a major Bitcoin holder, reinforcing our commitment to cryptocurrency.”

Public pensions have echoed similar trends, mirroring initiatives asserted by other state funds such as the New York State Common Retirement Fund. This fund increased its stake in Strategy during a period of stock decline, reflecting a preference for regulated securities to gain Bitcoin exposure. LASERS’s investment accounts for about 0.02% of total assets, aligning with strategic diversification goals.

Market response remained steady following LASERS’s disclosure, as no direct shifts were noted in BTC price or Strategy’s stock fundamentals. Strategy shares closed recently at $173.71, reflecting a 10.5% increase YTD but a substantial decline from its peak. No public statements were issued by Strategy executives regarding the transaction.

Bitcoin’s Institutional Adoption and Price Analysis

Did you know? Public pension funds increasingly use indirect investment avenues like MSTR to access Bitcoin, echoing strategies from entities like the New York State Common Retirement Fund.

As reported by CoinMarketCap, Bitcoin is valued at $93,143.83, with a market cap of $1.86 trillion. Despite a 2.32% decline over 24 hours, Bitcoin has shown long-term resilience, with 7-day and 30-day increases of 1.85% and 5.58%, respectively. The trading volume surged by 131.6% recently, symbolizing active market engagement.

Insights from the Coincu research team indicate institutional investing might stimulate market stability through diversified portfolios. Public pension funds’ gradual entry into Bitcoin could solidify Bitcoin’s status as a reliable asset within broader economic frameworks, contrary to historical volatility concerns.