Large public pension funds in the U.S. increase holdings in Strategy stocks, optimistic about Bitcoin's prospects.

According to Barron's, one of the largest public pension funds in the United States, the Ohio Public Employees Retirement System disclosed in a filing with the SEC that it bought more shares of Palantir Technologies and Strategy (formerly MicroStrategy) in the second quarter of this year, while selling shares of Lyft. Data shows that the Ohio Public Employees Retirement System increased its holdings by purchasing 21,499 shares of Strategy, bringing its total shareholding to 101,880 shares at the end of the second quarter. As the largest corporate Bitcoin holder, Strategy has been selling preferred shares to raise more funds to purchase this Crypto Asset, with its stock price rising by 40% in the first half of 2025 and by 4.7% in the third quarter. The total assets of the Ohio Public Employees Retirement System amount to $155.6 billion, making it the 14th largest public fund in the United States.