14 US states report a combined exposure of $632 million to Michael Saylor's Strategy in Q1, marking a $302 million increase from the previous quarter.
California leads with a total exposure of $276 million, followed by states like Florida, Utah, and Colorado making significant jumps in their holdings.
Top 5 state funds by value include California Public Employees Retirement System, California State Teachers’ Retirement System, Florida State Board of Administration, New Jersey Common Pension Fund D, and Texas Teachers’ Retirement System.
The growing institutional interest in Strategy emphasizes a trend towards more aggressive asset allocations, indicating rising confidence in Strategy's approach and Bitcoin as an alternative asset class.