FameEX Hot Topics | 12 U.S. States Invest $330M in Saylor’s Strategy

California holds the largest stake among U.S. states, with over $150 million invested in Strategy (formerly MicroStrategy) stock through state retirement funds, according to Bitcoin analyst Julian Fahrer. As of late 2024, twelve U.S. states had reported owning shares in Strategy, with total holdings amounting to $330 million in state pension and treasury funds.

Leading the way, California’s teacher retirement fund owns 285,785 shares of Strategy, valued at approximately $83 million, according to Form 13F data filed with the U.S. Securities and Exchange Commission on February 14. The California Public Employees’ Retirement System follows closely, holding 264,713 shares worth around $76 million. Part of its $149 billion investment portfolio. Fahrer highlighted California, Florida, Wisconsin, and North Carolina as the states with the most exposure to Strategy.

Other states also maintain significant stakes in Strategy. Florida’s State Board of Administration of the Florida Retirement System owns 160,470 shares, valued at $46 million. Wisconsin’s State Investment Board holds 100,957 shares, worth $29 million. North Carolina’s State Treasurer has $22 million invested, and New Jersey’s Police and Firemen’s Retirement System and Common Pension Fund collectively hold $26 million.

Beyond these major holders, Arizona, Colorado, Illinois, Louisiana, Maryland, Texas, and Utah have also allocated public funds to Strategy. The company, which is the largest corporate Bitcoin holder with 478,740 BTC (worth roughly $46 billion), provides investors a way to gain indirect exposure to Bitcoin’s price movements. Recently, Strategy acquired 7,633 BTC at an average price of $97,255 per coin, further expanding its Bitcoin reserves.

Since rebranding on February 5 and introducing a Bitcoin-themed visual marketing strategy, Strategy’s stock has demonstrated strong performance. It has risen by 16.5% since early 2025 and by a staggering 383% since early 2024, outperforming the broader cryptocurrency market’s 62% gain over the past year.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.