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 development occurs at a time when Michael Saylor, the CEO of MicroStrategy, has hinted at increasing the company's Bitcoin holdings.
Saylor Hints at Next Major Bitcoin Buy
Strategy's position in the digital asset market strengthened earlier this month after MSCI opted not to exclude digital asset treasury (DAT) companies from its indices, thereby sparing Strategy from potential delisting.
DAT firms are companies that hold cryptocurrencies as treasury assets, similar to how traditional corporations maintain cash reserves.
Between January 5 and January 11, Strategy executed its largest Bitcoin acquisition since July 2025, purchasing 13,627 BTC for $1.25 billion.
Year to date, MSTR shares have climbed 10.53%, although the stock remains down 55.36% over the past year.
Adding to market speculation, Saylor posted "Bigger Orange" on X on January 18, accompanied by a chart illustrating Strategy’s Bitcoin accumulation since 2020, which now represents approximately 3% of the total BTC supply.
This post fueled investor anticipation that Strategy could soon announce another significant Bitcoin purchase. Strategy is also scheduled to share its fourth-quarter earnings on February 5, after market close.
Strategy currently holds 687,410 BTC in its corporate treasury.
Institutional Exposure to Bitcoin Remains Steady
The Louisiana pension fund manages $16 billion in assets for over 100,000 public workers.
As of December 31, 2025, LASERS held 17,900 Strategy shares, which accounted for just 0.02% of its total portfolio, according to a recent regulatory filing.
At MSTR's current share price of $173.71, these holdings are valued at $3.1 million.