The Virginia State Retirement Fund, managing $123 billion, has expanded its investment in Bitcoin treasury company Strategy by increasing its shares by 7,180, bringing its total to 31,880 shares valued at approximately $4.1 million. This move reflects a broader trend of public pension funds leaning towards Bitcoin treasury companies as a means of gaining indirect exposure to cryptocurrency while diversifying their portfolios, and aligns with a growing interest from traditional institutional investors in corporate adoption of Bitcoin reserves as a hedge against inflation.
Virginia State Retirement Fund boosts stake in Strategy to 31,880 shares
