Welcome to US Crypto News Morning Briefing. A critical overview of the most important developments in cryptocurrencies of the day.
Have some coffee and calm down. Because what’s happening with Bitcoin, MicroStrategy, and pension funds is not your typical market story. From quiet institutional moves to complex capital strategies, the latest filings reveal a mix of opportunities, risks and debates.
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Today’s crypto news: Louisiana pension joins MicroStrategy as Bitcoin strategy stirs controversy
The Louisiana State Employees Retirement System (LSERS) has disclosed a $3.2 million position in MicroStrategy (MSTR). The move signals a growing appetite among institutional investors for indirect Bitcoin exposure.
Bitcoin Treasury cited recent 13F filings showing the pension fund owns 17,900 shares of Strategy stock.
This represents just 0.2% of the company’s $1.56 billion portfolio. This reflects public retirement funds’ growing interest in crypto assets.
MicroStrategy, led by CEO Michael Saylor, currently owns over 687,000 BTC, making MSTR a proxy bet for Bitcoin itself.
Supporters argue that Thaler’s approach goes beyond simple accumulation. By issuing equity and debt instruments, the company effectively converts its capital needs into large-scale Bitcoin purchases. This strengthens the circulation of supply and strengthens the balance sheet.
“The real innovation is that the market is treating these STRC-style instruments like sound money. There were no forced liquidations, no structural failures. The framework was solid. It behaves like a tank. There are no short-term debt pressures, so it won’t be destroyed by volatility,” wrote Joss, a popular X user.
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MicroStrategy’s Bitcoin Accumulation Raises Bullish Momentum and Dilution Concerns
Recent MSTR activity reflects the progression of this strategy. BeInCrypto reported that Strategy plans to acquire an additional 13,627 BTC for $1.25 billion. These moves will bring the company’s total holdings to well over 700,000 BTC, or about 3.3% of the total Bitcoin supply.
Traders are pointing to MSTR’s technical breakout and continued buying as evidence that Saylor’s Bitcoin engine is gaining momentum.
But not all investors are convinced. Critics have warned that preferred products like STRC, while helpful in raising capital, will dilute the remaining Bitcoin exposure of MSTR’s public shareholders.
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Each new preferred issue reduces the BTC claims of existing shareholders. At the same time, more MSTRs will need to be issued to cover the dividend, potentially eroding shareholder value over time.
Pledditor, a popular X user, said, “The more STRCs are issued, the less rights BTC MSTR holders can actually claim.”
today’s chart
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Here’s a rundown of US crypto news to follow today.
