12 US States Invest $330M in Strategy (MSTR) – CryptoNinjas
The post 12 US States Invest $330M in Strategy (MSTR) – CryptoNinjas appeared on BitcoinEthereumNews.com.
Key Takeaways: State pension funds are pumping millions of dollars into Strategy (MicroStrategy), a firm that invested in Bitcoin. California is the top state, which is leading to doubts about the risk in teachers’ retirement funds. This is indicative of the growing utility of cryptocurrencies, but the vulnerability of the retirees should also be taken into consideration. We have been continuously reminded to not put all our eggs in one basket when it comes to retirement preparations. We are told to instead distribute our investments among different asset classes to reduce the level of risk that we are exposed to. But, what will the future be like if these diversified portfolios get gradually more involved in the virtual world of cryptocurrency market? An analysis indicates about 12 US states collectively having around $330 million in Strategy (MSTR). The company in question, Strategy, is a publicly traded firm known for its substantial Bitcoin holdings. This is news that warrants numerous questions: Are you really comfortable with your pension dollars turning into crypto without you even knowing about it? A Closer Look at the Data: Cryptocurrency Investments by State Pension Funds Crypto advisor Julian Fahrer disclosed that between the end of 2024 and the present, state pension funds and treasuries from twelve North American states disclosed their Strategy (formerly MicroStrategy) holdings as $330 million. This is a significant investment that deserves special attention. It also is interesting to follow Julian, for example, on Twitter. Let’s take a moment to ponder this: People’s retirement funds, which are responsible for the economic stability of millions of Americans, are making a deliberate choice to purchase a company that believes completely in Bitcoin. The repercussions are very drastic, one effect of which is the financial future of the usual retirees and financial casualties. Existence can be…
Filed under: News - @ February 17, 2025 11:27 am