Arizona state pension fund reports $24 million Bitcoin exposure via Strategy shares

Arizona's State Retirement System, which manages public employee pension and benefit programs, reported approximately $24 million in Bitcoin exposure via a holding of 76,238 shares in Strategy, according to a recent SEC filing. Strategy functions as a regulated investment vehicle that allows institutional investors, such as pension funds, to gain exposure to Bitcoin through equity investments rather than holding the digital assets directly. The article notes that the value of this position has since declined to $13.5 million, based on Strategy stock closing at $177 on Thursday. This move aligns with a trend among US state pension funds seeking regulated access to cryptocurrency markets through linked equities.

(Source：Crypto Briefing)