MicroStrategy’s (MSTR) stock experienced a rebound of over 3% in pre-market trading today, following a significant drop in the previous session. This recovery is attributed to an increase in exposure from the US Arizona State Pension (ASRS) fund, which has added another $15 million to its existing stake. Analysts note that this move reflects confidence in MSTR’s long-term potential and aligns with broader market sentiment towards Bitcoin. 14 US state pension funds have also reported combined investments of $632 million in MSTR stock as of Q1 2025, indicating a growing trend among institutional investors. The rise in MSTR follows recent reports from BitcoinTreasuries.Net which revealed that the ASRS fund has increased its exposure to MSTR stock, adding another $15 million after a $24 million purchase earlier this year. This investment aligns with the broader market expectation for Bitcoin’s price rebound and reflects a growing confidence within pension funds. However, it’s important to note that recent price fluctuations in Bitcoin could have impacted MSTR stock prices. While the Bitcoin price dipped below $89,000, impacting the company’s stock by 10%, the recent investments from the Arizona State Pension Fund show a positive outlook for MicroStrategy’s future prospects.