The Louisiana State Employees’ Retirement System (LASERS) has revealed its exposure to Bitcoin (BTC) through a smaller stake in Strategy Inc. (NASDAQ: MSTR), formerly MicroStrategy.
This comes at a time when Michael Saylor hinted at increasing Strategy’s slice of the Bitcoin pie.
Related: Almost Half of Gen Z Wants a Retirement Account in Crypto
Strategy’s position strengthened earlier this month after MSCI opted not to exclude digital asset treasury (DAT) companies from its indices, sparing Strategy from potential delisting.
DAT firms hold cryptocurrencies as treasury assets in a similar manner to traditional corporations maintaining cash reserves.
Between Jan. 5 and Jan. 11, Strategy made its biggest Bitcoin acquisition since July 2025, purchasing 13,627 BTC for $1.25 billion.
Year to date, MSTR shares have climbed 10.53%, though the stock remains down 55.36% over the past year.
Adding to speculation, Saylor posted “Bigger Orange” on X on Jan. 18, accompanied by a chart showing Strategy’s Bitcoin accumulation since 2020, now representing roughly 3% of the total BTC supply.
The post fueled investor anticipation that Strategy could soon announce another major purchase. Strategy will also share its fourth-quarter earnings on Feb. 5, right after market close.
Strategy currently holds 687,410 BTC in its coffers.
Louisiana pension fund manages $16 billion in assets for more than 100,000 public workers.
LASERS held 17,900 Strategy shares as of Dec. 31, 2025, accounting for just 0.02% of its portfolio, as per a recent filing.
At MSTR’s current price of $173.71 per share, the holdings are worth $3.1 million.
Related: Crypto-Friendly Retirement Fund Legislation Sparks Controversy
This story was originally published by TheStreet on Jan 19, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
