New Jersey State Pension Fund holds $16.2 million in Strategy shares

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Techub News reports that, according to CryptoBriefing, the New Jersey pension fund currently holds $16.2 million worth of Strategy (formerly MicroStrategy) shares as an alternative way to gain indirect exposure to Bitcoin. The fund’s total assets range between $70 billion and $95 billion, and this holding accounts for less than 0.02% of its managed assets. The institution previously invested about $7 million in Bitcoin mining companies Riot Blockchain and Marathon Digital Holdings. The current Strategy holdings have been accumulated gradually, reflecting its ongoing strategy of building cryptocurrency-related exposure through publicly traded stocks to avoid the custody and compliance issues associated with directly holding digital assets.

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