Another retirement fund discloses $219M stake in MicroStrategy

Alberta Investment Management Corporation (AIMCo), a Canadian institutional investor owned by the Government of Alberta, disclosed buying a stake in Strategy (Nasdaq: MSTR) for the first time, as per BitcoinTreasuries.net.

AIMCo manages one of Canada's largest public pools of funds and is also one of the country's top eight pension funds.

JUST IN: $142 Billion Canadian government-owned Alberta Investment Management Corp just disclosed they bought 1.38 million shares worth $219 million of #Bitcoin treasury company Strategy $MSTR for the first time.

One of Canada's largest institutional manager just made first BTC… pic.twitter.com/oAwDleKbW5

— BitcoinTreasuries.NET (@BTCtreasuries) April 30, 2026

The company has disclosed that it recently bought 1.38 million shares of Strategy, formerly MicroStrategy, worth $219 million. It is AIMCo’s first reported Bitcoin exposure and the first time any Canadian province has gained Bitcoin exposure through Strategy.

Notably, several U.S. pension funds such as the Virginia State Retirement Fund and the Louisiana State Employees’ Retirement System have disclosed significant holdings in the Bitcoin treasury company.

More News:

• U.S. pension fund makes surprise buy of Michael Saylor’s Strategy
• U.S. state retirement fund boosts MicroStrategy stake despite stock downgrade
• California quietly became the biggest holder of MicroStrategy: Here's how

Strategy's Bitcoin model finds detractors and supporters

Led by billionaire Michael Saylor, Strategy is the world's largest Bitcoin treasury company. The company uses the proceeds from the sale of its common and preferred stocks to purchase Bitcoin nearly every week without fail.

With 818,334 Bitcoin on its balance sheet, Strategy leads the group of Bitcoin treasury companies. Twenty One Capital (NYSE: XXI) is the second on the list, with only 43,514 Bitcoin on its balance sheet.

While Bitcoin has lost 30% of its value during the past six months, the MSTR stock has declined by 35% during the same period.

But the crash hasn't deterred the company from its Bitcoin shopping spree. In fact, it recently bought $2.54 billion worth of Bitcoin in one of its largest purchases ever.

The company's deployment of the Stretch or STRC preferred stock to raise capital for Bitcoin purchases has found criticism among figures like economist and gold bull Peter Schiff who has called the instrument an "obvious Ponzi" scheme.

STRC is a hybrid security that pays a set dividend like a bond but sits on the balance sheet as equity, giving the company flexibility that straight debt does not.

However, Benchmark analyst Mark Palmer recently defended STRC and dismissed any claims of it being a Ponzi scheme. He called STRC a "deliberate and durable" model that "converts demand for yield into long-term bitcoin exposure."

Strategy is expected to report its next quarterly earnings on May 5.

The MSTR stock was trading at $164.41 at the time of writing, up nearly 4% in a day.

Bitcoin was exchanging hands at $76,321.25 at press time, up 0.7% in a day.

Related: Milk Road co-founder reveals why Strategy's STRC isn't the 'ponzi' Schiff claims