Louisiana Pension Takes $3.2 Million Microstrategy Stake | US Crypto News
The Louisiana State Employees’ Retirement System has invested $3.2 million in MicroStrategy, signaling growing institutional interest in indirect Bitcoin exposure.Summary
The Louisiana State Employees’ Retirement System (LSERS) has disclosed a $3.2 million position in MicroStrategy (MSTR), indicating a growing institutional appetite for indirect Bitcoin exposure. This investment, representing 0.2% of its $1.56 billion portfolio, reflects increasing interest from public retirement funds in crypto-linked assets. MicroStrategy, led by CEO Michael Saylor, holds over 687,000 BTC, making MSTR a proxy bet on Bitcoin. While supporters praise Saylor’s strategy of converting capital demand into Bitcoin purchases, critics express concerns about dilution of Bitcoin exposure for common MSTR shareholders through preferred instruments like STRC. Recent activity shows MicroStrategy planning to acquire another 13,627 BTC for $1.25 billion, potentially increasing its holdings to over 700,000 BTC, roughly 3.3% of the total Bitcoin supply.
(Source：BeInCrypto)