$200B Texas Teachers Retirement Fund Discloses $25M Bitcoin via MSTR Stock as Strategy Outperforms Mag 7

Bitcoin

$200B Texas Teachers Retirement Fund Discloses $25M Bitcoin via MSTR Stock as Strategy Outperforms ‘Mag 7’

$200 billion Texas Teachers Retirement Fund has revealed Bitcoin exposure worth millions. The pension fund invested in Strategy (MSTR) stock to gain BTC exposure as the firm has outperformed ‘Mag 7’ stocks despite the firm missing entering the S&P 500 index.

Texas Teacher Retirement Fund Gains Bitcoin Exposure via Strategy (MSTR) Stock

Texas Teachers Retirement Fund invested in MSTR stock to gain Bitcoin exposure as crypto adoption rises amid the crypto-friendly Trump Administration. Texas Teachers Retirement Fund revealed $25 million worth of Bitcoin from Strategy shareholding, according to The Bitcoin Historians X post on September 15.

Recently, Michael Saylor revealed that Strategy topped the performance chart with 100.5% returns. He claimed the MSTR stock is way ahead of Tesla‘s 26% and far above other Magnificent 7 stocks like Nvidia, Meta, Alphabet, Apple, Amazon, and Microsoft. Saylor credited Bitcoin for Strategy’s outperformance over ‘Mag 7’ stocks.

MSTR Performance. Source: Michael Saylor on XBitcoin and MSTR Stock Activity Today

President Trump signed an executive order last month to enable 401(k) retirement plans to invest in crypto. The move came as Trump bans ideological debanking amid pro-crypto policy shift. This caused BTC to rally above $120K.

Meanwhile, MSTR stock has climbed almost 0.50% in premarket hours today. The stock closed nearly 1.66% higher at $331.44 last Friday. TD Cowen reiterated its ‘buy’ rating and decreased the stock price target to $640 from $680. Meanwhile, Mark Palmer from Benchmark retained a price target of $705, while reiterating his buy position.