<ul><li>Retirement managers in 14 US states have added a total of $632 million in Strategy stock to their portfolios to tap into Bitcoin's gains without directly buying the coin.</li><li>Public funds boosted their holdings by $302 million in Q1 2025, with an average increase of 44% in their position sizes, using Strategy stock as a stand-in for Bitcoin.</li><li>States like California, Florida, and Wisconsin lead the trend, with California holding the highest shares worth $276 million, followed by Florida at $88 million and Wisconsin at $51 million.</li><li>Lawmakers in 26 states have filed 47 crypto-related bills, with some states like New Hampshire approving laws allowing up to 5% of their treasury to go into Bitcoin, while others like Arizona and Florida have seen measures related to crypto investments being stalled or voted down.</li></ul>

States Go Crypto: $632 Million In Strategy Stock Held Across 14 US Funds

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