–60% in six months: US pension money drowned in Strategy

The drop in Bitcoin has severely affected the shares of Strategy (formerly MicroStrategy) — and along with them, the state pension funds of the US 😬

📉 What happened:

• 11 state funds own ~1.8 million shares of Strategy

• The value of the packages collapsed from $577 million to $240 million

• 📉 –60% for almost everyone

• 💸 Paper loss — $337 million

🪙 BTC now:

$69,275 | 🔻 –8.9%

Volumes — $31.2 billion (panic + active hands 👀)

📊 Shares of Strategy:

• –49% over 3 months

• –67% over 6 months

• Reason — strict tie to Bitcoin and Sailor's aggressive strategy

🏦 Who suffered the most:

• New York — 🔻 $53 million

• Florida — 🔻 $46 million

• Wisconsin — 🔻 $26 million

Also in the red are the funds of North Carolina, New Jersey, Utah, Kentucky, and Maryland.