Core Viewpoint - The California Public Employees' Retirement System (CalPERS) has significantly invested in MicroStrategy (MSTR), but the value of this investment has drastically decreased due to recent market volatility in crypto assets and tech stocks [1] Investment Details - CalPERS purchased 448,157 shares of MicroStrategy in the third quarter, with a total investment cost exceeding $144 million [1] - The current value of this holding has dropped to approximately $80 million, reflecting a loss of over 40% in just a few months [1]