MEXC$200B Texas Teachers Retirement Fund Discloses $25M Bitcoin via MSTR Stock as Strategy Outperforms ‘Mag 7’
Highlights
- Texas Teachers Retirement Fund reveals $25 million in Bitcoin exposure.
- The pension fund invested in Strategy (MSTR) stock as Texas and Trump admin easing Bitcoin investing.
- MSTR stock has climbed 1% as analysts target over $640 target in an year.
$200 billion Texas Teachers Retirement Fund has revealed Bitcoin exposure worth millions. The pension fund invested in Strategy (MSTR) stock to gain BTC exposure as the firm has outperformed ‘Mag 7’ stocks despite the firm missing entering the S&P 500 index.
Texas Teacher Retirement Fund Gains Bitcoin Exposure via Strategy (MSTR) Stock
Texas Teachers Retirement Fund invested in MSTR stock to gain Bitcoin exposure as crypto adoption rises amid the crypto-friendly Trump Administration. Texas Teachers Retirement Fund revealed $25 million worth of Bitcoin from Strategy shareholding, according to The Bitcoin Historian’s X post on September 15.
Pension funds investing in Bitcoin treasury companies is a major milestone. The move comes amid the latest developments, including Governor Greg Abbott signing Texas’s Strategic Bitcoin Reserve into law in May and the US strategic Bitcoin reserve announcement by President Donald Trump.
Moreover, the U.S. Department of Labor withdrew its 2022 guidance that prevented pension funds from adding Bitcoin and other cryptocurrencies to 401(k) retirement plans in May. Bitcoin and crypto exposure from 401(k) plans might further legitimize Bitcoin as an asset class.
Recently, Michael Saylor revealed that Strategy topped the performance chart with 100.5% returns. He claimed the MSTR stock is way ahead of Tesla’s 26% and far above other Magnificent 7 stocks like Nvidia, Meta, Alphabet, Apple, Amazon, and Microsoft. Saylor credited Bitcoin for Strategy’s outperformance over ‘Mag 7’ stocks.
Bitcoin and MSTR Stock Activity Today
President Trump signed an executive order last month to enable 401(k) retirement plans to invest in crypto. The move came as Trump bans ideological debanking amid pro-crypto policy shift. This caused BTC to rally above $120K.
At the time of writing, BTC price is trading 1% down in the past 24 hours, with the price currently trading at $$114,858. The 24-hour low and high are $114,684 and $116,747, respectively. Furthermore, the trading volume has increased by 40% in the last 24 hours, indicating a rise in interest among traders.
Meanwhile, MSTR stock has climbed almost 0.50% in premarket hours today. The stock closed nearly 1.66% higher at $331.44 last Friday. TD Cowen reiterated its ‘buy’ rating and decreased the stock price target to $640 from $680. Meanwhile, Mark Palmer from Benchmark retained a price target of $705, while reiterating his buy position.
- Pi Coin Gains Another 15% As Pi Network Joins ISO 20022 For Seamless Banking Integration
- Bitwise Solana Staking ETF (BSOL) Makes Record Debut with $69.5M Inflows, $289M NAV
- Trump Insider Whale Reloads $430M Long on BTC, ETH Ahead of Tomorrow’s Fed Rate Cut Decision
- Breaking: $2.6B Western Union Announces Plans for Solana-Powered Stablecoin by 2026
- Trump Media Launches Polymarket Rival, Eyes $9B Prediction Market with Crypto.com
- Pi Network Patterns Point to More Gains Despite Manipulation Claims
- HBAR Price Poised to Hit $0.30 as Canary Capital ETF Starts Trading.
- Will Solana Price Rally to $300 as Bitwise Launches $BSOL ETF?
- XRP Price Chart Patterns Hint at 2017-Style Breakout as Evernorth Acquires $1B XRP Ahead of Nasdaq Debut
- Cardano Price Eyes 80% Rally as x402 Upgrade Sparks Hope for AI Payment Expansion
- Polymarket Traders Bet Ethereum Price to Hit $5,000 as Bullish Pattern Forms
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
