CalSTRS Boosts Bitcoin Holdings with Major MSTR Stock Purchase – BitRss

The California State Teachers’ Retirement System (CalSTRS) significantly increased its holdings in Strategy’s MSTR stock, led by Michael Saylor. According to a recent announcement, the retirement fund purchased an additional 5,191 MSTR shares in the fourth quarter of 2024, bringing its total holdings to 258,785 shares. The total value of the fund’s MSTR shares soared by 93.5% quarter-over-quarter, rising from $42.7 million to $82.7 million.

CalSTRS Relies on Bitcoin-Centric Strategy

Formerly known as MicroStrategy, now branded as Strategy, this public company is recognized as the largest institutional entity focused on Bitcoin $95,970 investments. The company adopted an aggressive BTC ($96,405.34) accumulation strategy throughout 2024, acquiring an additional 7,633 BTC just in February. With these additions, the company’s total Bitcoin reserves have reached 478,740 BTC, with an overall value exceeding $46 billion.