Alaska Retirement Management Board gives 100,000 public employees indirect Bitcoin exposure via Strive shares

Alaska’s public pension fund has quietly become part of the growing list of institutional investors with Bitcoin on their books, at least indirectly. The Alaska Retirement Management Board, which manages retirement assets for roughly 100,000 state employees and beneficiaries, disclosed a holding of 19,804 Class A shares of Strive Inc. in its most recent quarterly filing. Strive trades on the Nasdaq under the ticker ASST and operates as a Bitcoin treasury company, meaning its balance sheet is built around holding Bitcoin rather than generating revenue in the traditional sense. What ARMB actually owns The position is modest in absolute dollar terms. ARMB’s Strive stake was valued at $216,000 as of Q2 2026, up from $198,000 the prior quarter. For a fund sitting on roughly $46 billion in total assets, that is approximately 0.0005% of the portfolio. The holding sits inside a roughly $10 billion passive equity sleeve, where it functions as an incidental exposure rather than a deliberate Bitcoin bet. ARMB has no direct allocation to crypto assets, and board discussions about digital currencies have historically stopped well short of a formal position. Owning Strive through a passive index...