National Go Crypto: $632 million in strategic stocks held in 14 U.S. dollars
Retired managers in 14 U.S. states have quietly added 632 million strategic stocks. The bet is a way to take advantage of Bitcoin’s gains without buying the coin itself. This is a quarter of motivation.
Strategy Sharing Filling Pension Combination
According to Julian Fahrer, the public funds increased their holdings by 302 million in the first quarter of 2025. This is an average increase of 44% in its position size. The strategy shifts to Bitcoin to make its stock behavior independent of digital assets. Trustees who are concerned about custody or rule changes can trade MST shares like any other stock.
Coast to Coast Buy Carnival
California leads with 694,119 shares worth about 276 million shares. In Florida, public plans to hold 221,860 shares worth approximately 88 million shares. Wisconsin owns 127,528 shares, or 51 million shares.
🇺🇸New: 14 states reported $632 million $ MSTR In public retirement and treasury funds, Q1 exposure.
The collective increase was US$302 million in the first quarter. The average increase in the amount of retention was 44%. pic.twitter.com/0pkm1avcpr
— Julian Fahrer (@Julian__Fahrer) May 15, 2025
North Carolina’s balance sheet shows 107,925 shares (43 million shares), Ohio holds 80,381 shares (32 million shares), and Texas owns 72,595 shares (29 million shares). Other states such as Arizona and New Jersey also held smaller positions. This trend can be seen from Salt Lake City to Raleigh.
Rapid growth in some states
Utah’s retirement system stands out with a 184% increase, with 25,287 shares. Colorado climbed 67%. Florida shares rose 38%, Texas shares rose 33%, and Louisiana rose 30%. Maryland and New Jersey also saw more results this quarter. It seems that some boards suddenly rush to board the boat, while others move more slowly.
National Board of Directors Pushing Cryptocurrency Boundaries
According to the report, so far, lawmakers in 26 states have submitted 47 crypto-related bills at this session. About 37 of them are still active. New Hampshire approved a law in early May to include its Treasury Department in bitcoin at most.
Image: DUE
In Arizona, voter green cryptocurrency is used for unclaimed assets but shot down direct Bitcoin investment from the Treasury Department. Florida saw similar measures stalled on the committee. These moves suggest that some politicians want public funds to deal with bitcoin directly, while others are not ready.
Risk and Reward
Pension funds need stable returns to meet future spending. Bitcoin’s earnings are eye-catching. However, coins are known for their big fluctuations. Strategy sharing usually amplifies these moves. If Bitcoin suddenly slides, state funds could take a big hit.
On the other hand, another powerful rally will make these holdings look smart. Currently, public administrators appear to be testing the waters. They will enjoy the cryptocurrency upside, but with familiar inventory rules, keep the safety net in place.
Featured images from Unsplash, charts for TradingView
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