The New York State Common Retirement Fund sold 11,400 shares of MicroStrategy, now called Strategy, during the second quarter of 2026 for approximately $1 million. This sale represents a 3.4% reduction of its position, going from 331,250 shares worth roughly $41 million as of March 31, 2026 to 319,850 shares still valued at around $30 million. The fund, which manages a total of $295 billion in assets, had actually been building its position through late 2025 to approximately $50 million before beginning to take profits. This move reflects a classic institutional strategy of gaining indirect Bitcoin exposure through Nasdaq-listed equities while maintaining operational simplicity for a pension fund. The fund reported annual returns of 11.94% as of May 2026.
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