Louisiana $15.6B Pension Fund LASERS Gains $3.2M Bitcoin Exposure Through Strategy

Group 1 - The Louisiana state pension fund (LASERS) has announced its indirect exposure to Bitcoin by purchasing 17,900 shares in Bitcoin treasury firm Strategy, representing a total investment of approximately $3.2 million [1][2] - LASERS fund's total value is reported to be $15.6 billion, indicating that the Bitcoin exposure is a small fraction of its overall portfolio [1] - The trend of state pension funds gaining exposure to Bitcoin continues, with LASERS joining other state programs that have invested in Bitcoin directly or through ETFs [2] Group 2 - Other states, such as Texas, have taken significant steps by directly purchasing Bitcoin for their treasuries, with Texas acquiring $10 million worth of BTC [3] - Many state pension funds, including LASERS, typically avoid direct exposure to Bitcoin due to fiduciary duties and volatility concerns, often opting for ETFs or investments in crypto-adjacent firms [4] - A few pension funds, like the Houston Firefighters Relief and Retirement Fund, have made direct investments in Bitcoin, with HFRR's investment performing well as Bitcoin prices have increased [5][6]