CalPERS trims Strategy stake as Bitcoin exposure dips to $35.5M

BitcoinWorld CalPERS trims Strategy stake as Bitcoin exposure dips to $35.5M The California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the United States, currently holds 381,048 shares of Strategy (NASDAQ: MSTR), valued at approximately $35.5 million, according to data from BitcoinTreasuries.net.

This marks a notable reduction from November, when the fund held 448,000 shares worth about $80 million. CalPERS manages roughly $637 billion in assets and serves more than two million public employees, retirees, and other members.

Context and Significance of the Holdings CalPERS’ position in Strategy, a company known for its significant Bitcoin treasury, reflects a cautious but continued interest in cryptocurrency-related equities.

The decline in both share count and value aligns with broader market fluctuations and the company’s stock performance. Strategy, formerly MicroStrategy, has become a proxy for Bitcoin investment due to its substantial holdings of the cryptocurrency.