U.S. pension fund makes surprise buy of Michael Saylor’s Strategy

Group 1 - The Louisiana State Employees' Retirement System (LASERS) has disclosed its investment in Bitcoin (BTC) through a stake in Strategy Inc. (NASDAQ: MSTR), previously known as MicroStrategy [1] - Strategy Inc. has recently strengthened its position in Bitcoin after MSCI decided not to exclude digital asset treasury (DAT) companies from its indices, which protects Strategy from potential delisting [2] - Between January 5 and January 11, Strategy made a significant Bitcoin acquisition, purchasing 13,627 BTC for $1.25 billion, marking its largest acquisition since July 2025 [3] Group 2 - As of December 31, 2025, LASERS held 17,900 shares of Strategy, representing only 0.02% of its total portfolio, with a current value of approximately $3.1 million at MSTR's price of $173.71 per share [5] - Strategy currently holds a total of 687,410 BTC, which constitutes about 3% of the total Bitcoin supply [4][3]