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California's $500 billion pension fund has differing views on its exposure to Bitcoin.
[California's $500 Billion Pension Fund Has Divergent Views on Bitcoin Exposure] The California Public Employees' Retirement System (CalPERS) sparked differing reactions from candidates at a forum on Wednesday regarding investment in Crypto Assets, despite the fund system holding shares in Bitcoin treasury company Strategy (formerly MicroStrategy). Among the six candidates competing for a seat on the California Public Employees' Retirement System (CalPERS) board, there were differing opinions when asked whether Bitcoin should be included in the $506 billion fund's investment portfolio. According to its Q2 13F filing, CalPERS holds 410,596 shares of Strategy stock, worth $165.9 million, giving the pension fund a substantial indirect Bitcoin exposure through the company.