Texas’ largest pension fund boosts stake in Bitcoin treasury Strategy
Crypto Briefing
Texas's largest pension fund, TRS, increased its holdings in MicroStrategy (MSTR), gaining indirect exposure to Bitcoin.Summary
The Teacher Retirement System of Texas (TRS), the state's largest public pension fund managing over $200 billion, has increased its investment in MicroStrategy (MSTR) shares, according to a recent SEC filing. By the end of Q4 2025, TRS held 80,844 MSTR shares, up from 73,446 the previous quarter, providing indirect exposure to the 712,647 BTC held by MicroStrategy. This move aligns with Texas's growing institutional adoption of digital assets, which also includes a $20 million commitment to a crypto fund and the state's initial purchase of $5 million in BlackRock's IBIT following the signing of the Strategic Bitcoin Reserve law in June 2025.
(Source：Crypto Briefing)