Florida Pensions Take $1.85 Billion Leap Into Crypto
The state pension fund in Florida made a bold move to align itself with the vision of US President-elect Donald Trump for a strategic Bitcoin reserve.
Florida’s state officials announced that the pension fund will invest $1.85 billion worth of members’ contributions into Bitcoin to diversify its investment portfolio.
Bitcoin Exposure
The head of the Florida Blockchain Business Association (FBBA) announced that $1.85 billion of Florida’s pension fund is being considered for Bitcoin investment, a move backed by state leaders.
FBBA president Samuel Armes said in a post that Florida will launch a “strategic Bitcoin reserve”, adding that the state has a great chance of creating the BTC reserve in the first quarter of next…
