In a significant move toward digital asset exposure, 14 U.S. states have disclosed a collective $632 million investment in Strategy (MicroStrategy, MSTR) through their public retirement and treasury funds for Q1 2025.
This marks a massive $302 million increase from the previous quarter—an average quarter-over-quarter growth of 44% in holding size.
The data, shared by Bitcoin.com News, underscores growing institutional interest in Strategy, a company known for its substantial Bitcoin holdings. With state retirement systems seeking returns in an increasingly inflation-sensitive environment, this trend highlights a shift toward more aggressive asset allocations.
Key Highlights:
- California leads the pack with a combined $276 million exposure through its State Teachers’ and Public Employees’ Retirement Systems.
- Florida saw the largest increase in absolute terms, adding over 61,000 shares—a 38% jump worth $88 million.
- Utah posted the most dramatic percentage rise, with a staggering 184% growth quarter-over-quarter, bringing its holdings to $9 million.
- Colorado also made a bold move with a 67% increase in MSTR holdings, now valued at $12 million.
- Ohio, Kentucky (one of two funds), and Illinois reported no change in holdings this quarter.
Top 5 State Funds by Value:
- California Public Employees Retirement System – $142M
- California State Teachers’ Retirement System – $134M
- Florida State Board of Administration – $88M
- New Jersey Common Pension Fund D – $30M
- Texas Teachers’ Retirement System – $29M
This uptick suggests rising confidence in Strategy’s strategy and, by extension, in Bitcoin. With many state funds traditionally leaning conservative, the Q1 data may signal a broader shift toward incorporating alternative assets into pension portfolios.
As macroeconomic uncertainty looms, expect continued scrutiny—and possibly increased adoption—of digital-asset-tied equities among institutional investors.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/14-us-states-report-632m-in-exposure-to-michael-saylors-strategy-in-q1/