Bitcoin: California Leads 11 States in a Massive Investment Through Strategy

Bitcoin continues to assert itself. This time, it is twelve American states that are making headlines, with a colossal investment of 330 million dollars in Strategy, formerly MicroStrategy. This movement marks a major turning point in the integration of crypto into institutional portfolios.

Public pensions are jumping into Strategy: a winning bet or an assumed risk?

American pension funds have never been so close to bitcoin. Twelve states have just unveiled a massive participation of 330 million dollars in Strategy, the former MicroStrategy, this economic monitoring company transformed into a giant BTC vault.

Leading the pack is California, with over 150 million dollars spread across several public pension funds. The California State Teachers Retirement System alone holds 285,785 shares of Strategy, valued at approximately 83 million dollars, while the California Public Employees’ Retirement System owns 264,713, for a total nearing 76 million. A double bet that makes California the institutional bastion of this rush for digital gold.

Other states have followed suit, such as Florida (46 million dollars), Wisconsin (29 million), and North Carolina (22 million).

Even New Jersey and Illinois have taken a position, marking a gradual but significant adoption of bitcoin in state financial strategies.

These investments show a growing confidence from institutions towards the Strategy model, which, let’s remember, currently holds 478,740 BTC, worth approximately 46 billion dollars at current prices.

Bitcoin by proxy: Strategy, an entry ticket for public funds?

With a 383% increase over the year, Strategy’s stock has outperformed the crypto market, which has only progressed by 62% over the same period.

For these pension funds, betting on Strategy means obtaining indirect exposure to bitcoin without having to directly manage the holding of the asset. A clever strategy, but also risky, given the legendary volatility of bitcoin.

Strategy’s latest coup? An acquisition of 7,633 BTC between February 3 and 9, at an average price of 97,255 dollars per unit. A bold bet that underscores Michael Saylor’s aggressive philosophy, convinced that bitcoin is the future of stores of value. It remains to be seen whether this vision will be validated by the market in the long term.

With these massive investments, the United States seems to be embarking on a strategic shift: rather than ignoring or fighting bitcoin, some public institutions prefer to take advantage of it. An adoption that could inspire other countries to follow suit. For if recent history has taught us anything, it is that when it comes to investments, Wall Street and the United States never miss an opportunity.

So, genius vision or institutional madness? The dice are cast, and bitcoin continues to gain ground where it was not necessarily expected. In this context, Tether, for its part, is actively collaborating with American lawmakers to redefine the future of stablecoins.