Louisiana pension fund boosts Bitcoin exposure with 21,300 MSTR shares

The Louisiana State Employees’ Retirement System has increased its stake in Strategy, giving the public pension fund more indirect exposure to Bitcoin through the Nasdaq-listed company. Summary Louisiana’s pension fund raised its Strategy holding to 21,300 shares, increasing indirect exposure to Bitcoin. The $16.3 billion retirement system added 700 MSTR shares from its first-quarter holding of 20,600. Strategy currently holds 843,775 Bitcoin, keeping MSTR closely tied to movements in Bitcoin’s market price. A regulatory filing covering holdings as of June 30 shows the retirement system owned 21,300 Strategy shares, up 3.4% from 20,600 shares at the end of the first quarter. The position had a quarter-end reported value of about $1.85 million. BitcoinTreasuries.NET later valued the holding at roughly $2.13 million in a July 22 post. Louisiana pension fund adds to Strategy position The latest disclosure shows that the Louisiana State Employees’ Retirement System added 700 MSTR shares during the second quarter. The fund previously held 20,600 shares as of March 31, according to institutional ownership data. BitcoinTreasuries.NET described the move by saying, “Government employees are...