The California State Teachers’ Retirement System (CalSTRS) has invested $80 million in MicroStrategy stock, marking a strategic move to gain indirect exposure to Bitcoin. This investment highlights the increasing interest of institutional investors in cryptocurrency through traditional financial instruments. CalSTRS, the third-largest pension fund in the United States, now holds 448,000 shares of MicroStrategy, valued at approximately $80 million. This investment represents a small portion of CalSTRS' $300 billion portfolio and aligns with its long-term investment strategies while adhering to regulatory considerations.