U.S. states invest in Strategy stock to gain indirect exposure to Bitcoin
Several U.S. states, such as California, Florida, Wisconsin, and North Carolina, are investing in Strategy stock, previously known as MicroStrategy. This investment allows them to gain indirect exposure to Bitcoin. Strategy’s aggressive approach to acquiring Bitcoin has boosted its stock performance. State pension funds view this as a way to benefit from Bitcoin’s long-term potential without directly buying the cryptocurrency. California is leading these investments. The State Teachers Retirement System