Largest US Pension Fund CalPERS Faces Heavy Losses As Strategy Investment Drops To $80M
California Public Employees’ Retirement System (CalPERS) has been caught on the incorrect aspect of the latest sell-off in Strategy, with its first guess on the Bitcoin proxy inventory sliding from greater than $144m to about $80m in a matter of months. According to a latest SEC filing, CalPERS acquired 448,157 Strategy (MSTR) shares within the…