BTCC
/
BTCC Square
/
CoingabbarEN
/
CalPERS Bets $165M on MicroStrategy While Sidestepping Direct Bitcoin Exposure
CalPERS Bets $165M on MicroStrategy While Sidestepping Direct Bitcoin Exposure
28
1
California's pension giant makes a $165 million indirect crypto play—backing Michael Saylor's Bitcoin proxy instead of touching the real thing.
The MicroStrategy Gambit
CalPERS pours cash into MicroStrategy stock, effectively buying Bitcoin exposure without ever holding the actual asset. The $165 million position shows institutional appetite for crypto—but only through traditional equity channels.
Risk-Averse Crypto Adoption
Pension funds still treat Bitcoin like a radioactive asset—worthy of investment only when wrapped in corporate packaging. Because why embrace innovation directly when you can bury it in layers of conventional finance?
Wall Street's favorite parlor trick: making futuristic assets look just boring enough for retirement funds.
The California Public Employees' Retirement System (CalPERS) witnesses a paradoxical situation as the board candidates divide over Bitcoin investment despite the pension fund's Read More
By:
