California Pension Fund Invests $83M

California Pension Fund Invests in Cryptocurrency Ventures

• CalSTRS invested $82.7 million in Strategy, the largest corporate Bitcoin holder.
• The pension fund holds $76 million in Coinbase shares.
• Twelve U.S. states have invested a total of $330 million in Strategy shares.
• Strategy’s stock has declined by 16.3% since January 2025.

CalSTRS has significantly increased its investment in cryptocurrency-related companies, with notable stakes in Strategy and Coinbase, amid a broader trend of state pension funds diversifying into digital assets.