CalPERS defends $144M, taxpayer-backed Bitcoin bet as stock craters 44%
Description
(The Center Square) - California’s main public pension fund, CalPERS, has more than doubled its shares in a highly leveraged, Bitcoin-related stock in the last two years that recently plunged by nearly half, The Center Square found. The state public pension held nearly $144 million worth of Strategy Inc., formerly known as MicroStrategy, as of its latest SEC filing.
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Read more: https://www.thecentersquare.com/california/article_230ccb9a-3828-4c42-98a4-0068a6a7330a.html
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