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.