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US state retirement funds disclose New York sale and Michigan increase in Strategy shares

US state retirement funds disclose New York sale and Michigan increase in Strategy shares

BitcoinTreasuries.NET said New York’s fund sold 11,400 shares but still held 319,850 worth $29.8 million, while Michigan’s state retirement fund raised its stake 141% to 14,000 shares worth $1.34 million.

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Fact Check
Both components of the claim match the originating source and multiple corroborating outlets. The BitcoinTreasuries.NET article confirms New York sold 11,400 shares (~3%) while still holding 319,850 shares worth ~$29.8M. Cryptobriefing and other outlets confirm Michigan increased its Strategy stake by 141% to 14,000 shares worth ~$1.34M. All numeric figures in the claim are exactly reproduced across independent sources.
Summary

State retirement fund filings showed mixed positioning in Strategy shares, with a New York State retirement fund selling 11,400 shares worth $1.06 million while retaining 319,850 shares valued at $29.8 million, and a Michigan state retirement fund increasing its holding 141% to 14,000 shares worth $1.34 million, according to BitcoinTreasuries.NET posts on X. BitcoinTreasuries.NET said New York’s remaining position leaves 1.2 million employees with indirect Bitcoin exposure. Strategy is widely tracked because some investors use its stock as a proxy for Bitcoin exposure due to the company’s large Bitcoin holdings.

Terms & Concepts
  • Strategy: A listed company whose large Bitcoin holdings lead some investors to use its stock as a proxy for Bitcoin exposure.
  • MSTR: Ticker symbol for Strategy stock.
  • Bitcoin exposure: Investment sensitivity to Bitcoin price movements, including indirect exposure through company shares.