12 States Bet Big on Bitcoin with $330M Investment in Strategy 🤑

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So, here’s a little something I learned today: twelve U.S. states have collectively decided to throw $330 million into Strategy, formerly known as MicroStrategy. Who knew? Not me, that’s for sure. According to Bitcoin analyst Julian Fahrer, the biggest players in this little financial gamble are California and Florida, along with Wisconsin and North Carolina. 🏖️💰

California, always the trendsetter, has the Teacher Retirement Fund holding 285,785 shares of Strategy, which is worth about $83 million. The Public Employees’ Retirement System is right behind with 264,713 shares, valued at $76 million. I guess they’re not just teaching kids anymore; they’re also teaching them about the importance of a diversified investment portfolio. 📚📊

🇺🇸 Big Strategy update:

12 US states reported public $MSTR holdings in Q1 (pension funds or Treasury) totaling $330m.

— Julian Fahrer (@Julian__Fahrer) February 16, 2025

California’s investment portfolio, which is a staggering $69 billion, includes a hefty chunk in Coinbase and even more in Strategy. Strategy, for those of you keeping score, is the biggest corporate Bitcoin owner, boasting 478,740 BTC worth about $46 billion. That’s a lot of digital dough. 🍞

By investing in Strategy stock, shareholders get a slice of the Bitcoin pie without having to deal with the hassle of actually buying and storing it themselves. Between February 3 and February 9, Strategy bought 7,633 Bitcoin units at a cool $97,255 per coin. Talk about a shopping spree! 🛍️💸

Other states getting in on the action include Florida, Wisconsin, New Jersey, Arizona, Texas, and, yes, Florida again. Strategy’s stock prices have jumped by 16.5% since the start of 2025 and have soared by 383% since February 2024. That’s way more than the 62% growth of the overall crypto market. 🚀📈

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2025-02-17 09:57