- Louisiana State Employees Retirement System holds 17,900 shares of Strategy, valued at over $3 million.
- Strategy is a significant proxy for institutional Bitcoin exposure without direct ownership.
The Louisiana State Employees Retirement System (LASERS) reported holding 17,900 shares of Strategy (MSTR) worth over $3 million by the end of 2025, according to a recent SEC filing.
LASERS has held MSTR shares since late 2024, first disclosing the position on January 29, 2025.
Strategy is the world’s largest Bitcoin treasury company, with its valuation largely tied to its Bitcoin holdings. The firm holds 687,410 BTC, according to its latest disclosure.
Strategy has built its Bitcoin position through a combination of debt and equity offerings, making its stock a widely used proxy for institutional investors seeking Bitcoin exposure without direct custody.
Strategy shares closed up 1.6% on Friday and edged higher in premarket trading on Monday.