Express

$441 Billion California Public Pension Fund Stacks Nearly Sevenfold RIOT Shares In Q4 2020

Mary Liu

Summary: CalPERS, the largest public pension fund in the United States, increased nearly sevenfold shares of Bitcoin miner Riot Blockchain (RIOT) to 113,034 in 2020 Q4 with a value of more than $1.9 million, according to a public SEC file. This increase is the first time since the end of 2017 when CalPERS holds 16,907 shares. According to the report, ...

CalPERS, the largest public pension fund in the United States, increased nearly sevenfold shares of Bitcoin miner Riot Blockchain (RIOT) to 113,034 in 2020 Q4 with a value of more than $1.9 million, according to a public SEC file.

This increase is the first time since the end of 2017 when CalPERS holds 16,907 shares.

According to the report, as of December 30, 2020, the market value of CalPERS fund was close to $441 Billion. CalPERS board members used blockchain technology as a future investment opportunity at a public forum in 2016.

By Mary Liu

  • The Road to 2026: Where Is the Web3 Ecosystem Heading Next? December 7, 2025
  • Vishwa Advances Agentic Infrastructure Research Through Contribution to Emerging Framew... November 22, 2025
  • BitMart US Launches Operations with 49-State Licensing and Zero-Fee Program November 17, 2025
  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift October 30, 2025
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING October 29, 2025
  • You need to login to comment.