The Arizona State Retirement System (ASRS), a $60 billion fund, has acquired 72,607 shares of Strategy (MSTR), valued at $10 million. This investment gives ASRS indirect exposure to Bitcoin, as Strategy is a major corporate holder of the cryptocurrency, with 712,647 BTC ($60.3 billion) as of January 26, 2026.
This move aligns with a growing trend of state pension funds investing in Strategy to gain exposure to Bitcoin. Other states, including California, Florida, and Wisconsin, also hold significant stakes in MSTR .
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