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According to cryptocurrency analyst Julian Fahrer, by the end of 2024, state pension funds or treasuries in 12 North American states held shares in Strategy (formerly Microstrategy), worth a total of about $330 million. The California Teachers' Retirement Fund is the largest holding institution, holding 285,785 shares worth approximately $83 million, according to a 13F filing with the Securities Exchange Commission (SEC) on February 14. In addition, the fund also holds 306,215 shares of Coinbase...
According to crypto KOL Julian Fahrer, Montana House Bill 429 will authorize the state treasurer to invest up to $50 million from the general fund in "digital assets with a market capitalization of more than $750 billion," i.e. Bitcoin, until July 15, 2025. These investments must be held by a qualified custodian or made through a trading platform-traded fund.
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