Louisiana Pension Bets on Microstrategy Stock

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee and settle in because what’s happening with Bitcoin, MicroStrategy, and pension funds isn’t your typical market story. From quiet institutional moves to complex capital strategies, the latest filings reveal a mix of opportunity, risk, and debate.

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Crypto News of the Day: Louisiana Pension Enters MicroStrategy as Bitcoin Strategy Sparks Debate

The Louisiana State Employees’ Retirement System (LSERS) has disclosed a $3.2 million position in MicroStrategy (MSTR). The move signals a growing institutional appetite for indirect Bitcoin exposure.

Bitcoin Treasuries cited a recent 13F filing, indicating that the pension fund holds 17,900 shares of Strategy.

This represents just 0.2% of its $1.56 billion portfolio. It reflects the growing interest of public retirement funds in crypto-linked assets.

MicroStrategy, led by CEO Michael Saylor, now owns over 687,000 BTC, making MSTR a proxy bet on Bitcoin itself.

Supporters argue that Saylor’s approach is more than simple accumulation. By issuing equity and debt instruments, the company effectively converts capital demand into large-scale Bitcoin purchases. This tightens the circulating supply and reinforces the balance sheet.

“The real innovation is that the market treats these STRC-style instruments almost like sound money. There were no forced liquidations, no structural failure. The framework held firm. It behaves like a battle tank—volatility doesn’t destroy it because there’s no short-term debt pressure,” wrote Joss, a popular user on X.

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MicroStrategy’s Bitcoin Accumulation Sparks Bullish Momentum and Dilution Concerns

Recent MSTR activity reflects this strategy in motion. BeInCrypto reported Strategy’s plan to acquire another 13,627 BTC for $1.25 billion. Such a move would push the company’s total holdings to well over 700,000 BTC, roughly 3.3% of the total Bitcoin supply.

Traders point to technical breakouts in MSTR and continued purchases as evidence that Saylor’s Bitcoin engine is gaining momentum.

However, not all investors are convinced. Critics warn that preferred instruments like STRC, while useful for raising capital, dilute the residual Bitcoin exposure of common MSTR shareholders.

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Every new preferred issuance reduces the BTC claim of existing stockholders. At the same time, it necessitates more MSTR issuance to cover dividends, potentially eroding shareholder value over time.

“The more STRC that gets issued, the less BTC MSTR holders actually have a claim to,” stated Pledditor, a popular user on X.

Chart of the Day

Strategy BTC Holdings
Strategy BTC Holdings. Source: Bitcoin Treasuries

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Byte-Sized Alpha

Here’s a summary of more US crypto news to follow today:

Crypto Equities Pre-Market Overview

 Company Close As of January 16 Pre-Market Overview
Strategy (MSTR)$173.71$174.27 (+0.32%)
Coinbase (COIN)$241.15$241.15 (+0.00%)
Galaxy Digital Holdings (GLXY)$34.31$34.45 (+0.41%)
MARA Holdings (MARA)$11.36$11.45 (+0.79%)
Riot Platforms (RIOT)$19.23$19.31 (+0.44%)
Core Scientific (CORZ)$18.89$18.98 (+0.48%
Crypto equities market open race: Google Finance

Source: https://beincrypto.com/louisiana-pension-fund-microstrategy-us-crypto-news/