Louisiana pension fund boosts Strategy investment

• Louisiana's Firefighters' Retirement System increased its investment in Strategy to about US$2.13 million.
• The move gives the pension fund greater indirect exposure to Bitcoin (CRYPTO:BTC).
• The investment reflects continued institutional interest in companies holding large Bitcoin reserves.

Louisiana's Firefighters' Retirement System increased its holding in Strategy to about US$2.13 million, expanding its indirect exposure to Bitcoin (CRYPTO:BTC).

The pension fund increased its position through additional Strategy shares rather than buying Bitcoin directly, according to the filing cited in the report.

The investment gives the pension fund greater exposure to Bitcoin through Strategy's balance sheet, while the Strategy share price reaction was not reported in the source article.

Strategy has built its corporate strategy around acquiring Bitcoin and has continued raising capital to fund additional purchases over recent years.

Institutional investors have increasingly used Strategy shares to gain indirect exposure to Bitcoin, particularly where direct cryptocurrency investments face regulatory or investment policy restrictions.

At the time of reporting, Bitcoin price was $65,715.09.