#How is the Teacher Retirement System of Texas Investing in Bitcoin?
The Teacher Retirement System of Texas, the largest public pension fund in the state, has significantly increased its investment in Strategy, a prominent player in the Bitcoin treasury sector. By the end of the fourth quarter of 2025, the pension fund reported having acquired 80,844 shares of Strategy, which is valued at over $12 million. This represents a rise from 73,446 shares in the previous quarter.
This pension fund is responsible for managing more than $200 billion in retirement benefits for public school educators in Texas. By investing in Strategy, the fund gains indirect exposure to Bitcoin holdings, as Strategy currently possesses 712,647 BTC, with a market valuation exceeding $60 billion.
Shares of Strategy experienced a decline of approximately 9% during trading on Thursday, following a broader downturn in the cryptocurrency market as detailed by Yahoo Finance.
#What Other Crypto Investments Has the Texas Pension Fund Made?
The Texas pension fund has demonstrated an ongoing interest in including cryptocurrency in its investment portfolio. Notably, it made a $20 million commitment to CoinFund Ventures, a fund that focuses on crypto investments, between mid-July and August of 2024. This reflects a strategic approach to diversify its holdings in the evolving financial landscape.
#Is Texas Leading the Way in Institutional Crypto Adoption?
Texas is becoming a frontrunner in the adoption of cryptocurrencies by institutions. In June 2025, Governor Greg Abbott signed the Strategic Bitcoin Reserve law, which set the stage for the state to further embrace crypto investments. Following this legislative move, Texas executed its inaugural purchase in November, acquiring $5 million worth of BlackRock’s iShares Bitcoin Trust. This indicates a growing institutional interest in digital assets and a willingness to explore innovative investment opportunities.
As the realm of cryptocurrency continues to evolve, the actions of the Teacher Retirement System of Texas and the state’s commitment to adopting digital asset strategies highlight its potential to influence institutional investment trends.