Several U.S. states, including California, Florida, Wisconsin, and North Carolina, are investing in Strategy stock to gain indirect exposure to Bitcoin.
California leads with major investments, with its State Teachers Retirement System holding over $83 million worth of Strategy stock.
Twelve U.S. states have collectively invested over $330 million in Strategy stock.
Strategy's aggressive Bitcoin acquisition strategy and unique appeal, with 478,740 BTC worth an estimated $46 billion, have propelled its stock performance.