Honestly trash. States shouldn’t have the money to buy BTC. All that should be refunded to tax payers so they can buy their own btc. Tf good does it do if the state has it.
coinfeeds-bot on
tldr; Fourteen US states disclosed $632 million in holdings of Strategy’s MSTR stock in Q1 2025, marking a 91.5% increase from $330 million in Q4 2024. California leads with $276 million, followed by Florida with $88 million. States are using MSTR to gain indirect exposure to Bitcoin due to the company’s substantial BTC reserves. Wisconsin grew its MSTR stake but divested $300 million from BlackRock’s Bitcoin ETF, reflecting caution on crypto funds. MSTR stock has appreciated 37% year-to-date, though it recently fell 19.7% to $397.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
partymsl on
SaylorMoon on a roll…
TooFewTulips on
Strategy is too big to fail.
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Honestly trash. States shouldn’t have the money to buy BTC. All that should be refunded to tax payers so they can buy their own btc. Tf good does it do if the state has it.
tldr; Fourteen US states disclosed $632 million in holdings of Strategy’s MSTR stock in Q1 2025, marking a 91.5% increase from $330 million in Q4 2024. California leads with $276 million, followed by Florida with $88 million. States are using MSTR to gain indirect exposure to Bitcoin due to the company’s substantial BTC reserves. Wisconsin grew its MSTR stake but divested $300 million from BlackRock’s Bitcoin ETF, reflecting caution on crypto funds. MSTR stock has appreciated 37% year-to-date, though it recently fell 19.7% to $397.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
SaylorMoon on a roll…
Strategy is too big to fail.