CalPERS defends $144M, taxpayer-backed Bitcoin bet as stock craters 44%

(The Center Square) - California’s main public pension fund, CalPERS, has more than doubled its shares in a highly leveraged, Bitcoin-related stock in the last two years that recently plunged by nearly half, The Center Square found. The state public pension held nearly $144 million worth of Strategy Inc., formerly known as MicroStrategy, as of its latest SEC filing.