FameEX Hot Topics | 12 US States Hold $330M Stake in Saylor’s Strategy

California leads the pack with over $150 million invested in Strategy stock through state retirement funds, according to Bitcoin analyst Julian Fahrer. As of late 2024, twelve U.S. states reported holding shares in Strategy (formerly MicroStrategy), collectively totaling $330 million in state pension and treasury holdings.

California’s teacher retirement fund tops the list with 285,785 shares, valued at approximately $83 million, based on Form 13F data filed with the U.S. Securities and Exchange Commission on February 14. The California Public Employees’ Retirement System follows closely with 264,713 shares worth about $76 million. As part of its $149 billion investment portfolio. Fahrer noted that California, Florida, Wisconsin, and North Carolina have the highest exposure to Strategy.

Beyond California, other states also hold substantial shares. Florida’s State Board of Administration of the Florida Retirement System owns 160,470 shares worth $46 million. Meanwhile, the State of Wisconsin Investment Board holds 100,957 shares valued at $29 million. North Carolina’s State Treasurer has $22 million in Strategy stock, and New Jersey’s Police and Firemen’s Retirement System and Common Pension Fund have a combined $26 million stake.

In addition to these top holders, Arizona, Colorado, Illinois, Louisiana, Maryland, Texas, and Utah have all invested public funds in Strategy, according to Fahrer. The company, the largest corporate holder of Bitcoin with 478,740 BTC (worth approximately $46 billion), provides investors indirect exposure to the asset. The firm recently acquired 7,633 BTC at a price of $97,255 per coin between February 3 and February 9.

Strategy, which rebranded from MicroStrategy on February 5, has implemented a Bitcoin-themed visual marketing strategy. The company’s stock has performed exceptionally well, gaining 16.5% since the start of 2025 and a remarkable 383% since early 2024, far surpassing the broader crypto market’s 62% growth over the past 12 months.

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