Florida pension fund adds MicroStrategy stock, expanding broader shift from US public funds to Bitcoin-linked stocks as BTC and MSTR test key 2025 lows.
Summary
- Florida’s state pension fund expanded its MicroStrategy position by joining a dozen U.S. public funds that use MSTR for indirect exposure to Bitcoin.
- MicroStrategy’s institutional ownership peaked in 2025, as buyers piled in on price declines even as shares hit annual lows again.
- MicroStrategy stock remains closely correlated with Bitcoin, making it a de facto BTC proxy as analysts debate performance for cryptocurrencies and risk assets in 2026.
Florida’s pension fund expanded its exposure to Bitcoin through an investment in MicroStrategy stock, according to a report from The Coin Republic, marking the latest institutional entry into the cryptocurrency-linked stocks.
According to available data, more than a dozen public pension and sovereign wealth funds in the United States have acquired shares of MicroStrategy. While the investment amounts remain relatively small compared to the total assets under management at these pension funds, the transactions represent a shift towards non-traditional assets, including exposure to Bitcoin.
Institutional ownership data released in December shows that institutions increased their positions in MicroStrategy stock during the month, reaching the highest level of institutional ownership recorded in 2025, the report said. The data shows that institutional buyers took positions when the stock price fell.
MicroStrategy Stock recently has retested its lowest level of the year, a price point previously reached in early December. Technical indicators, including the stock’s Relative Strength Index, have formed a bullish divergence, while the Money Flow Index recorded increased activity in the first half of December, according to market analysis.
The stock’s performance remains closely correlated with Bitcoin’s price movements, as MicroStrategy maintains significant Bitcoin reserves on its balance sheet. Bitcoin has struggled to create upside momentum in recent trading sessions.
Analysts have made varying predictions for Bitcoin and related stocks in 2026, with some predicting a recovery while others have revised their projections down. According to market observers, liquidity conditions and investment sentiment towards risky assets are likely to impact performance.
MicroStrategy shares have attracted institutional capital as a benchmark for Bitcoin exposure, with continued institutional flows potentially supporting the stock price as cryptocurrency markets strengthen, analysts noted.
