According to Crypto Rover, California pension funds have disclosed a $276 million investment in MicroStrategy (MSTR), highlighting strong institutional confidence in Bitcoin exposure through equity channels. This significant capital allocation by a major state pension fund signals increasing acceptance of Bitcoin as a strategic asset among traditional investors. Traders should note that such large-scale institutional participation can support positive momentum for both MSTR stock and the broader cryptocurrency market, particularly Bitcoin, as MicroStrategy is known for holding substantial Bitcoin reserves (Source: Crypto Rover, Twitter, May 16, 2025).