Based

Cardano

Bitcoin

Reversal

<p>The California Public Employees’ Retirement System (CalPERS), the largest U.S. state pension fund, has increased its exposure to Strategy ($MSTR), a company known for holding Bitcoin as a treasury asset.</p>
<p>According to the latest disclosure, CalPERS has purchased 183,444 shares, with the position valued at approximately $29 million so far this year.</p>
<blockquote class="twitter-tweet">
 <p>NEW: Largest U.S. state pension Fund (California CalPERS) has bought 183,444 ($29 million) <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> treasury company Strategy <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MSTR</a> shares so far this year. <a href="https://t.co/RrJPO9q3Wh" rel="noopener noreferrer nofollow">pic.twitter.com/RrJPO9q3Wh</a></p>
 <p>— BitcoinTreasuries.NET (@BTCtreasuries) <a href="https://twitter.com/BTCtreasuries/status/2004681352491516180?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 26, 2025</a></p>
</blockquote>
<p></p>
<p>The update confirms a smaller allocation than some earlier estimates, refining the scale of CalPERS’ involvement in Strategy. The data indicates that the pension fund’s exposure remains modest relative to its overall portfolio, but still notable given Strategy’s close linkage to Bitcoin through its treasury strategy.</p>
<p>This purchase highlights how large institutional investors are gaining indirect exposure to Bitcoin via publicly traded companies rather than holding digital assets directly.</p>
<p>Strategy’s equity performance is widely understood to be closely tied to Bitcoin price movements, meaning CalPERS’ position effectively represents a measured allocation to Bitcoin-related risk within a traditional equity framework.</p>
<div class="read-more tdi_7">
 <div class="td_module_flex td_module_flex_1 td_module_wrap td-animation-stack td-cpt-post td-module-exclusive">
  <div class="td-module-container">
   <div class="td-image-container">
    <div class="td-module-thumb">
     <a href="https://www.ethnews.com/cardano-price-shows-early-reversal-signals-as-bullish-pattern-emerges/" rel="noopener noreferrer nofollow"> <span style="background-image: url(https://www.ethnews.com/wp-content/uploads/2024/03/unnamed-2024-03-29T095810.565.jpg); background-size:cover;"></span> </a>
    </div>
   </div>
   <div class="td-module-meta-info">
    <h3 class="entry-title td-module-title" id="a-href-https-www-ethnews-com-cardano-price-shows-early-reversal-signals-as-bullish-pattern-emerges-rel-noopener-noreferrer-nofollow-cardano-price-shows-early-reversal-signals-as-bullish-pattern-emerges-a"><a href="https://www.ethnews.com/cardano-price-shows-early-reversal-signals-as-bullish-pattern-emerges/" rel="noopener noreferrer nofollow">Cardano Price Shows Early Reversal Signals as Bullish Pattern Emerges</a></h3>
   </div>
  </div>
 </div>
</div>
<p>Based strictly on the information shown, the data reflects an incremental but deliberate allocation, positioning CalPERS among institutions cautiously engaging with Bitcoin-linked assets through established market structures rather than direct crypto ownership.</p>
<p>The post <a href="https://www.ethnews.com/largest-u-s-state-pension-fund-expands-exposure-to-bitcoin-treasury-firm-strategy/" rel="noopener noreferrer nofollow">Largest U.S. State Pension Fund Expands Exposure to Bitcoin Treasury Firm Strategy</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.</p>

Largest U.S. State Pension Fund Expands Exposure to Bitcoin Treasury Firm Strategy

Table of Contents

ETHNews

Other articles published on Dec 27, 2025

Join our free newsletter for daily crypto updates!