- The California Public Employee’s Retirement System, more commonly referred to as CalPERS, is the largest public pension fund in the U.S.
- Across the country, 14 U.S. states collectively reported $632 million in MicroStrategy holdings in their public retirement and treasury funds for the first quarter of 2025.
Signaling rapid growing institutional interest in Bitcoin exposure, CalPERS, the largest public pension funds in the United States, has made a $276M investment in MicroStrategy Inc. (NASDAQ: MSTR), a software firm best known for its aggressive accumulation of Bitcoin.
CalPERS, which manages approximately $470 billion in assets, now holds roughly $150 million of that investment in MicroStrategy shares, as part of a broader strategy to gain indirect exposure to digital assets.
The California State Teachers’ Retirement System (CalSTRS) has also adjusted its portfolio, adding approximately $400,000 worth of Trump Media stock, filings show.
Across the country, 14 U.S. states collectively reported $632 million in MicroStrategy holdings in their public retirement and treasury funds for the first quarter of 2025.
Increased investment from CalPERS and other state pension funds bear testimony to a growing trend of institutional adoption of Bitcoin, irrespective of ongoing regulatory scrutiny and market volatility.