California's $500 billion pension fund divided over bitcoin exposure
Jinse Finance reported that the California Public Employees' Retirement System (CalPERS) sparked differing reactions among candidates regarding cryptocurrency investment at a forum on Wednesday, despite the fund holding shares in bitcoin treasury company Strategy (formerly MicroStrategy). Among the six candidates vying for seats on the CalPERS board, opinions were divided when asked whether bitcoin should be included in the $506 billion fund's investment portfolio. According to its Q2 13F filing, CalPERS holds 410,596 shares of Strategy stock, valued at $165.9 million, giving the pension fund a significant indirect bitcoin exposure through the company.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Base co-founder: Base App is now open to all users
Ethereum is expected to raise the gas limit to 80 million in January
Gnosis hard fork to return stolen Balancer funds sparks controversy
The capacity of the Bitcoin Lightning Network has reached a record high
Trending news
MoreCrypto prices
More
