New Jersey Pension Fund Boosts Stake in Leading Corporate Bitcoin Holder

New Jersey's $33 billion Police and Firemen's Retirement System has increased its stake in Strategy Inc., the leading corporate holder of Bitcoin, to 49,055 shares valued at approximately $4.66 million.

This move gives public safety workers indirect exposure to Bitcoin through one of the largest corporate holders of the cryptocurrency.

Strategy currently holds 843,775 Bitcoin, acquired at an average cost of roughly $75,476 per coin for a total outlay of about $63.7 billion.