Louisiana pension reports $3.2M MicroStrategy stake

Beincrypto reports the Louisiana State Employees’ Retirement System disclosed a $3.2 million position in MicroStrategy, holding 17,900 shares, which Bitcoin Treasuries cited as roughly 0.2% of the fund’s $1.56 billion portfolio in a recent 13F filing.

MicroStrategy holds more than 687,000 BTC, and supporters say CEO Michael Saylor’s use of equity and debt instruments converts capital into large Bitcoin purchases that tighten circulating supply without forced liquidations; “The real innovation is that the market treats these STRC-style instruments almost like sound money. There were no forced liquidations, no structural failure. The framework held firm. It behaves like a battle tank—volatility doesn’t destroy it because there’s no short-term debt pressure,” wrote Joss, a popular user on X. A recent report says MicroStrategy plans to acquire another 13,627 BTC for $1.25 billion, which would push its holdings to well over 700,000 BTC, roughly 3.3% of the total supply.

Critics counter that preferred instruments such as STRC dilute the residual Bitcoin exposure of common shareholders, reducing existing holders’ BTC claim and requiring further MSTR issuance to cover dividends, potentially eroding shareholder value over time; “The more STRC that gets issued, the less BTC MSTR holders actually have a claim to,” stated Pledditor, a popular user on X.

Key Topics

Crypto, Lsers, Microstrategy, Michael Saylor, Bitcoin, Strc