US Public Pension Funds Suffer $337 Million Losses Amid Bitcoin Price Slump

Several US public pension funds have suffered losses of around $337 million due to heavy investments in Strategy, a Bitcoin-focused company led by Michael Saylor. The value of these investments has shrunk by 60% as Bitcoin prices continue to slide. Strategy's stock price has plunged by 67%, and major crypto treasury firms are also grappling with enormous unrealized losses. The downturn extends beyond public pensions, with corporate treasuries reassessing risk tolerance and long-term investment approaches.