Why Your State’s Retirement Fund is Betting Big on Michael Saylor’s Strategy

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Ah, Michael Saylor’s Strategy, or as it was once known, MicroStrategy (NASDAQ: MSTR)—the financial equivalent of that friend who always shows up to the party with a bottle of wine and a questionable backstory. This time, it’s not just one state, but a whopping 12 US states have decided to throw their retirement funds into the MSTR stock, totaling over $330 million. Yes, you heard that right! States like Florida, California, North Carolina, and Wisconsin are all in on this financial rollercoaster. 🎢

Now, let’s talk about California’s teacher retirement fund, which has taken the cake (or should I say, the avocado toast?) with the largest stake in Saylor’s Strategy. They own 285,785 shares valued at around $83 million. That’s a lot of pencils and paper! According to a Form 13F filing with the SEC (which sounds like a secret government agency but is really just a bunch of folks keeping tabs on money), this was reported on February 14. How romantic! 💌

But wait, there’s more! The State Teachers Retirement System (STRS) of California, with a portfolio that could make even the most seasoned investor weep—$69 billion in stocks—also has a significant position in Coinbase (COIN). They hold 306,215 COIN shares worth $76 million. I guess they’re hedging their bets like a nervous gambler at a Vegas blackjack table. 🎰

Meanwhile, the California Public Employees’ Retirement System (CalPERS) is not sitting idly by. They hold 264,713 shares in Strategy stock, valued at about $76 million. With Saylor’s massive stash of Bitcoin, it’s become the go-to proxy bet for institutional players. It’s like the cool kid in school that everyone wants to be friends with. And let’s not forget, MSTR stock has given nearly 3x returns compared to Bitcoin in 2024. Talk about a glow-up! ✨

Source: Julian Fahrer

Michael Saylor’s Strategy is now the world’s largest corporate holder of Bitcoin, boasting 478,740 BTC. That’s like having a pet elephant in your living room—impressive, but also a little concerning. At current prices, that’s valued at approximately $46 billion. Investing in its stock is like getting a backstage pass to the Bitcoin concert without having to deal with the mosh pit. Last week, they even acquired 7,633 BTC at an average price of $97,255 per coin. Who knew investing could be so thrilling? 🎉

Since the start of 2025, MSTR stock has surged 16.5% and skyrocketed 383% compared to the same time last year. Meanwhile, the broader crypto market has only gained 62% over the past 12 months. It’s like watching your neighbor’s dog learn tricks while your own just stares blankly at you. 🐶

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. It’s like a financial game of musical chairs, and everyone wants a seat! 🎶

The Treasurer 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. It’s a veritable retirement fund party, and everyone’s invited! 🎊

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2025-02-17 12:24