Louisiana & Ohio Teacher Pension Funds Increase Stakes in Strategy MSTR

The Louisiana & Ohio State Employees Retirement Funds have both increased their positions in Strategy during the first quarter of 2026

Louisiana’s pension fund added 2,700 shares of Strategy, bringing its total holdings to 20,600 shares valued at approximately $3.42 million. This represents a 15.1% increase from its previous position of 17,900 shares.

The Ohio State Teachers Retirement Fund, which manages roughly $100 billion in assets, purchased 5,881 shares and now holds a total of 93,570 shares valued at about $16 million. which marks a 6.7% increase in its allocation.

Public pension funds often face regulatory and policy restrictions that prohibit or severely limit direct ownership of cryptocurrencies like Bitcoin. Investing in Strategy, the leading publicly traded Bitcoin treasury company, provides these institutions with a fully compliant, indirect way to gain exposure to Bitcoin’s performance through equity in a company whose balance sheet is overwhelmingly tied to its BTC holdings.

These purchases continue the steady expansion of Bitcoin exposure by state retirement systems and reflect growing institutional confidence in Strategy’s Bitcoin-first treasury strategy. Louisiana’s move builds on its initial entry in late 2025, while Ohio has been gradually scaling its position over recent quarters.

The developments fit into a broader U.S. trend of states and public entities increasingly incorporating Bitcoin into their financial strategies. Texas, for example, became the first state to establish a Strategic Bitcoin Reserve, allocating $10 million to Bitcoin in late 2025.

At the federal level, momentum is accelerating. Yesterday, at the Bitcoin 2026 conference, White House crypto advisor Patrick Witt teased a major upcoming announcement on the U.S. Strategic Bitcoin Reserve, stating it would come “within weeks.” Witt added that the administration has reached “a bit of a breakthrough” and believes it is set to “take a big step forward from the executive branch side.”

Together, these moves illustrate how pension managers and government entities are finding creative yet legal avenues to secure Bitcoin exposure — whether through public company shares like Strategy or direct reserve strategies — as Bitcoin gains acceptance as a strategic asset at both state and national levels.