California Pension Funds Invest $276M in MicroStrategy: A Signal for Institutional Bitcoin Adoption

California’s public pension funds have made a significant investment of $276 million in MicroStrategy, now known as Strategy. This move signals their interest in gaining indirect exposure to Bitcoin and aligns with a broader trend among US states embracing the digital asset. The fund’s allocation to MicroStrategy directly boosts their holdings of Bitcoin while reflecting a strategic shift towards digital assets within California pension funds.