The New Jersey state pension fund, with assets totaling $70 billion, has made a notable move in the world of cryptocurrency by increasing its exposure to Bitcoin. This investment is being facilitated through equity holdings in MicroStrategy, a company that serves as a Bitcoin proxy for investors seeking indirect exposure to the leading digital asset. This decision aligns with other states and institutional players who are exploring similar strategies. 30 million dollars has been invested in MSTR shares by NJ pension funds, aiming to capitalize on MicroStrategy’s substantial Bitcoin holdings. This strategy marks a significant shift towards alternative investments as institutions move away from direct cryptocurrency ownership. The impact of this investment is expected to increase the value of the fund’s Bitcoin-linked assets over time.