Derived from AMBCrypto, the California Public Employees’ Retirement System (CalPERS) has reported significant losses on its $144 million investment in MicroStrategy (MSTR), which has dropped to around $80 million in value. The decline is attributed to Bitcoin’s downturn and broader market risk-off sentiment. JPMorgan warns that MSTR’s heavy Bitcoin exposure could lead to its exclusion from major indices like the MSCI USA Index and Nasdaq 100, potentially triggering up to $8.8 billion in passive fund outflows if the exclusion occurs.
CalPERS Suffers $64M Loss on MicroStrategy Investment Amid Bitcoin Downturn
AMBCryptoShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.