Twelve U.S. States Invest $330M in Michael Saylor’s Strategy Stock

Twelve U.S. states invested $330M in Michael Saylor’s Strategy stock through pension funds.
California leads with CalSTRS and CalPERS holding over $159M in Strategy shares.
Public funds now link retiree savings to Bitcoin, sparking debate over financial risks.

Twelve U.S. States have poured pension and treasury funds into Strategy stock. Michael Saylor’s company holds massive Bitcoin reserves, making this investment a bold move. State-backed funds now own $330 million worth of shares, linking retiree savings to digital assets. Many pension holders remain unaware of this shift. Supporters call this a smart bet on the future. Critics see a risky gamble with public money.

🇺🇸 NEW: A total of twelve states in North America have reported holding Michael Saylor’s Strategy stock in their state pension funds or treasury as of the end of 2024, totaling $330 million. pic.twitter.com/8I86K00NWf
— Cointelegraph (@Cointelegraph) February 17, 2025

State Pension Funds Bet Big on Strategy

Crypto analyst Julian Fahrer uncovered these holdings in public records. California leads with the largest stake. The California State Teachers’ Retirement System (CalSTRS) holds 285,785 shares, worth $83 million. The California Public Employees’ Retirement System (CalPERS) owns 264,713 shares, valued at $76 million. Florida, Wisconsin, and North Carolina also have major stakes. Exact figures vary, but these states share a growing exposure to Bitcoin-focused firms.

Retirement Savings Now Linked to Bitcoin

Public funds shape the financial future of millions. By investing in a company deeply tied to Bitcoin, these states are making a high-stakes decision. Some see this as forward-thinking. Others fear a dangerous experiment. CalSTRS and CalPERS have also invested in Coinbase. CalSTRS holds 306,215 shares, valued at $76 million.

CalPERS owns Coinbase stock worth $79 million. These funds now hold a significant stake in two major crypto-related firms. Imagine a retired teacher who spent decades shaping young minds. That pension now moves with Bitcoin’s unpredictable price swings.

Some retirees may welcome the shift. Others may worry about future stability. Public funds traditionally favor low-risk investments. A move toward Bitcoin-backed firms marks a radical shift. Whether this decision secures prosperity or invites instability remains a major debate.