According to the latest SEC filings, the California Public Employees' Retirement System (CalPERS) purchased 448,157 shares of Strategy (MSTR) in Q3, with a cost basis exceeding $144 million. However, with the recent sharp pullback in crypto assets and high-volatility tech stocks, the value of this position has shrunk to around $80 million, evaporating over 40% in just a few months. (cryptonews)