In the first quarter of 2025, fourteen US states revealed a total of $632 million in holdings of Strategy’s (formerly MicroStrategy) MSTR stock, held in public retirement and treasury funds. This move reflects a growing trend among states to indirectly invest in Bitcoin (BTC) through Strategy, a company known for its significant BTC reserves. Bitcoin Laws founder, Julian Fahrer, highlighted this disclosure on X (formerly Twitter). The states collectively increased their MSTR exposure by 91.5% compared to the previous quarter. California leads as the largest investor with $276 million in MSTR shares. Other states like Florida, North Carolina, and New Jersey also showed significant growth in their MSTR holdings. Despite this, Wisconsin's Investment Board decided to divest completely from BlackRock’s iShares Bitcoin Trust (IBIT) while maintaining a $50 million position in MSTR. Utah and Colorado experienced notable quarterly growth rates in their MSTR holdings, indicating a rapid accumulation of shares. Overall, MSTR has seen strong gains in 2025, with its value appreciating by 37% year-to-date. Read more AI-generated news on: https://app.chaingpt.org/news

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