$330 million equity strategy in 12 US states

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According to the report dated February 17, by the end of 2024, 12 states in North America had invested in the stocks of Strategy (formerly MicroStrategy) through state pension funds or treasuries, with a total value of $330 million. The pension funds and treasuries of California, Florida, Wisconsin, and North Carolina hold the largest number of Strategy shares. The California State Teachers' Retirement System owns 285,785 shares worth approximately $83 million, according to the Form 13F filed with the SEC on February 14. The California Public Employees' Retirement System also holds a large number of shares, with 264,713 shares worth approximately $76 million, and has also invested in Coinbase shares worth $79 million. The total investment of the California state pension fund is approximately $149 billion. The Florida Retirement System Pension Plan owns 160,470 Strategy shares worth $46 million, while the Wisconsin Investment Board holds 100,957 shares worth approximately $29 million at the time of the report. The North Carolina State Treasurer has MSTR shares worth $22 million, and the New Jersey Police and Firemen's Retirement System and the Common Pension Fund own a total of shares worth $26 million. Other states such as Arizona, Colorado, Illinois, Louisiana, Maryland, Texas, and Utah also have shares in public funds related to Strategy. The above content is for informational purposes only and does not constitute investment advice.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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