【Multiple U.S. States Increase Holdings in MicroStrategy Stock, Betting on Bitcoin Strategy】

On May 16, multiple state governments increased their holdings in MSTR stock: Recent significant purchases of MicroStrategy (MSTR) stock by state governments in Florida, Wisconsin, and other states view it as a core target for indirect investment in Bitcoin. Bitcoin holding strategy recognized: MicroStrategy, as the largest publicly traded company holding Bitcoin globally (currently holding about 214,000 BTC), has its 'long-term holding' strategy seen by some government investment institutions as a tool to hedge against inflation and the devaluation of the dollar. Wisconsin's holdings exceed $150 million: As of Q1 2025, the Wisconsin pension system's holdings in MSTR stock have surged to $163 million, a nearly 40% increase from 2024. Controversy remains: Despite optimism from some states, critics argue that MSTR's stock price is highly volatile and that its bond financing model may increase long-term risks. MicroStrategy has regarded Bitcoin as a core asset reserve since 2020, with its stock price highly correlated to Bitcoin prices. The increase in holdings by state-level institutions reflects a rising acceptance of cryptocurrencies by traditional capital, but regulatory agencies remain cautious about public funds engaging in high-volatility assets.