Bitcoin Indirect Exposure: $80M Strategy Shares

CalPERS Invests $80 Million in Strategy Shares for Bitcoin Exposure

• The California Public Employees’ Retirement System (CalPERS) holds approximately $80 million in Strategy shares.
• Strategy Inc. is a public company that uses Bitcoin as its main treasury asset, offering shareholders exposure to Bitcoin price movements.
• CalPERS acquired 448,157 shares of Strategy during the third quarter, providing indirect exposure to Bitcoin without direct digital asset management.
• This investment reflects a growing trend among public pension funds seeking cryptocurrency exposure through equities linked to digital assets.
• Ongoing board discussions at CalPERS indicate a broader interest in cryptocurrency investments among institutional investors.

The California Public Employees’ Retirement System’s acquisition of $80 million in Strategy shares highlights the increasing interest of institutional investors like CalPERS in gaining indirect exposure to Bitcoin through publicly traded equities.