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

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 6 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 13 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 17 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 20 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 24 days ago
  • You need to login to comment.