California’s $500B pension fund holds $80M in Strategy shares for indirect Bitcoin exposure
Crypto Briefing
CalPERS invested $80 million in Strategy shares for indirect Bitcoin exposure, bypassing direct crypto management.Summary
The California Public Employees’ Retirement System (CalPERS), managing over $500 billion, acquired approximately $80 million worth of Strategy shares during the third quarter. This investment provides CalPERS with indirect exposure to Bitcoin's price movements because Strategy Inc. holds Bitcoin as a primary treasury asset. This strategy allows large institutional investors like CalPERS to gain exposure to the cryptocurrency market without facing the regulatory and custody complexities associated with directly managing digital assets. This trend reflects broader institutional interest in finding accessible avenues for cryptocurrency exposure.
(Source：Crypto Briefing)