Louisiana Pension Takes $3.2 Million Microstrategy Stake

Core Insights - The Louisiana State Employees' Retirement System (LSERS) has invested $3.2 million in MicroStrategy (MSTR), indicating a growing institutional interest in indirect Bitcoin exposure [2][3] - MicroStrategy, under CEO Michael Saylor, now holds over 687,000 BTC, positioning MSTR as a proxy for Bitcoin investment [3] - The investment by LSERS represents only 0.2% of its total $1.56 billion portfolio, reflecting the increasing interest of public retirement funds in crypto-linked assets [3] Company Strategy - MicroStrategy's strategy involves issuing equity and debt instruments to fund large-scale Bitcoin purchases, which tightens the circulating supply and strengthens its balance sheet [4] - The company's recent plan to acquire an additional 13,627 BTC for $1.25 billion would increase its total Bitcoin holdings to over 700,000 BTC, representing approximately 3.3% of the total Bitcoin supply [6] - This accumulation strategy has led to bullish momentum in MSTR, with traders noting technical breakouts and continued purchases as signs of increasing market confidence in Saylor's approach [6]