Arizona’s $60 billion pension fund has invested in Bitcoin-focused MicroStrategy, illustrating growing public sector interest in cryptocurrency-related companies.
The $60 billion Arizona State Retirement System (ASRS) disclosed a holding of 72,607 shares in MicroStrategy, worth $10 million. MicroStrategy is known for its large Bitcoin treasury strategy, making this investment a notable public pension fund exposure to Bitcoin-linked assets. The disclosure signals rising institutional interest from government-managed funds in cryptocurrency-associated firms.