U.S. Pension Funds Face Significant Losses from Strategy Stock Investments

Eleven U.S. public pension funds are experiencing substantial paper losses totaling $337 million due to their investments in Michael Saylor's Strategy stock. According to NS3.AI, the stock has seen a 67% decline over the past six months. These pension funds currently hold nearly 1.8 million shares, now valued at $240 million, a significant drop from their previous value of $577 million. This situation underscores the inherent risks associated with leveraged Bitcoin treasury trades, which can amplify gains during bullish market conditions but also exacerbate losses during prolonged Bitcoin price declines.