The Michigan State Retirement Fund has increased its position in Strategy, the company formerly known as MicroStrategy, lifting its holdings from 5,800 shares to 14,000 shares, according to Techub, citing Cointelegraph. The move represents a 141% increase in the fund’s position.
Strategy, founded by Michael Saylor, is the publicly listed company with the largest Bitcoin holdings. Because of that balance-sheet exposure, its stock is widely used by traditional financial institutions as an indirect way to gain exposure to crypto-related assets without holding Bitcoin directly.
The report said the latest purchase by the Michigan State Retirement Fund, a U.S. state public pension manager, points to continued interest from traditional institutional investors in Bitcoin-linked exposure. The update centers on the increase in share count and does not disclose the timing of the transactions beyond saying the move was recent.
The Michigan State Retirement Fund recently increased its holdings in Strategy, raising its position from 5,800 shares to 14,000 shares, a 141% increase.
Strategy, formerly known as MicroStrategy, was founded by Michael Saylor and is the publicly listed company holding the largest amount of Bitcoin. Its shares are widely seen by traditional financial institutions as an indirect vehicle for gaining exposure to crypto-related assets.
As a U.S. state public pension management institution, the Michigan State Retirement Fund’s latest increase was described by Cointelegraph as another sign that traditional institutional investors are continuing to add Bitcoin-related exposure.
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