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merfilcy
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California’s State Teachers Retirement System fund, which totals $69 billion in various stocks, also holds Coinbase (COIN), with 306,215 shares worth $76 million at the time of filing.
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The firm’s most recent acquisition was 7,633 BTC at the price of $97,255 per coin between Feb. 3 and Feb. 9.
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The State Board of Administration of Florida Retirement System fund holds 160,470 Strategy shares worth $46 million, while the State of Wisconsin Investment Board holds 100,957 shares worth around $29 million at the time of filing.
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The business intelligence firm and Bitcoin treasury company rebranded to Strategy and adopted a Bitcoin-themed visual marketing scheme on Feb. 5.
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MSTR stock has gained 16.5% since the beginning of 2025 and has risen a whopping 383% since the same time in 2024, outperforming the broader crypto market, which has only made 62% over the past 12 months.
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Baldiviezo also accused Milei of violating the Public Ethics Law, which is Argentina’s framework for public officials, requiring them to declare asset holdings and conflicts of interest.
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Meanwhile, Argentine lawyer Agustín Rombolá, founder and associate of Rombola Mangione law firm, has filed a separate legal complaint about Milei promoting Libra.
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In a Feb. 16 statement to X, Rombolá, who is also a member of the Argentine political party Unión Cívica Radical, said he had reported Milei for alleged “fraud, negotiations incompatible with public office, price manipulation and financial crimes.”
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Rombolá also said his firm is preparing a class-action suit for people who might have invested in the token and lost money.
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lottegust0
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Rombolá also said his firm is preparing a class-action suit for people who might have invested in the token and lost money.
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lottegust0
@lottegust0
In a Feb. 16 statement to X, Rombolá, who is also a member of the Argentine political party Unión Cívica Radical, said he had reported Milei for alleged “fraud, negotiations incompatible with public office, price manipulation and financial crimes.”
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Bukele has been on a mission to rebrand his small, struggling nation as a hub for cryptocurrency and tourism. In 2021, he made headlines by pioneering Bitcoin as legal tender, a bold move that placed the country at the forefront of the crypto revolution. His administration has also strategically boosted El Salvador’s Treasury reserves with regular Bitcoin purchases, which now total $650 million worth.
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“I personally believe that this year—and the years to come, but especially this one with Trump’s inauguration—will be very significant for Bitcoin and the entire ecosystem,” Bukele declared during a press conference on Jan. 14. He predicted a “likely exponential” revaluation of Bitcoin and a “friendlier ecosystem” ahead.
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Previously, President Trump has taken credit for Bitcoin’s historic run, citing his long-standing support and promotion of the cryptocurrency’s use in the US market. Still, El Salvador is already feeling tangible benefits from the rise in its price.
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The idea of a strategic Bitcoin reserve received support from both sides of the political aisle, including from Democratic Representative Ro Khanna, the first Democratic lawmaker to back a Bitcoin reserve.
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With bipartisan support, the bill could be accepted during the next four years. “State-level momentum is building, with initiatives such as Pennsylvania’s Bitcoin Strategic Reserve Act serving as a model for broader adoption,” Plotnikova said.
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The Bitcoin reserve proposal is gaining significant support thanks to Trump’s victory in the November election and the incoming Republican Party Senate majority, according to Anastasija Plotnikova, co-founder and CEO of Fideum.
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Known as one of the most anticipated crypto-related bills — the Bitcoin Act championed by Wyoming Senator Cynthia Lummis — proposes the creation of a strategic Bitcoin reserve.
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Bitcoin may be adopted as a savings technology by the United States government during the next four years under the incoming administration of President-elect Donald Trump.
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In 2024, global cryptocurrency adoption surged as Bitcoin broke price records and governments began integrating crypto into their financial frameworks. From Bitcoin’s historic milestones to Europe’s regulatory strides, 2024 set the stage for crypto’s mainstream integration.
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