Crypto
U.S. public pension funds lose nearly 60 percent on Strategy investment
Several U.S. public pension funds have suffered heavy losses after investing in Strategy led by Michael Saylor, the report said. The pension funds were estimated to have lost about $337 million after joining Strategy’s high-risk strategy focused on bitcoin. Of 11 funds, 10 lost nearly 60 percent of their investment. Strategy shares fell 67 percent, in line with a sharp drop in bitcoin prices in recent months.
