Bitcoin continues to win. This time, twelve American states are talking about them, with a colossal investment of $ 330 million in Strategy, formerly Microstrategy. This movement marks a major turning point in the integration of crypto in institutional portfolios.
Public pensions throw themselves on Strategy: Winning bet or assumed risk?
American pension funds have never been so close to Bitcoin. Twelve states have just unveiled a massive participation of $ 330 million in Strategy, the former-microstrategy, this economic watch company transformed into a giant BTC safe.
At the top of the peloton, California, with more than $ 150 million divided between several public pension funds. The California State Teachers withdrawn System alone holds 285,785 Strategy shares, valued at around $ 83 million, while California Public Employees' withdrawn System has 264,713, for a total of 76 million. A double bet that makes California the institutional bastion of this digital gold rush.
Other states have followed the movement, such as Florida ($ 46 million), Wisconsin (29 million), and North Carolina (22 million).
Even New Jersey and Illinois have taken up a position, marking a progressive but significant adoption of Bitcoin in state financial strategies.
These investments show an increasing confidence of institutions towards the strategy model, which, let us recall, currently hold 478,740 BTC, or about $ 46 billion at current prices.
Bitcoin by proxy: Strategy, an entry ticket for public funds?
With an increase of 383 % over a year, the Strategy action sprayed the performance of the Crypto market, which only increased by 62 % over the same period.
For These pension fundsbetting on Strategy amounts to obtaining an indirect exposure to Bitcoin, without having to directly manage the detention of the assets. A malignant, but also risky strategy, as the volatility of Bitcoin is legendary.
The last stratum shine? An acquisition of 7,633 BTC between February 3 and 9, at an average price of 97,255 dollars per unit. A daring bet that underlines the aggressive philosophy of Michael Saylor, convinced that Bitcoin is the future of value reserves. It remains to be seen whether this vision will be validated by the long -term market.
With these massive investments, the United States seems to initiate a strategic turn: rather than ignore or fight Bitcoin, certain public institutions prefer to take advantage of it. An adoption that may well inspire other countries to follow the movement. Because if recent history has taught us one thing, it is because when it comes to investments, Wall Street and the United States never let an opportunity pass.
So, vision of genius or institutional madness? The dice are thrown, and Bitcoin continues to nibble on the ground where it was not necessarily expected. In this context, Tether, for his part, actively collaborates with American legislators to redefine the future of Stablecoins.
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