California's $441 billion public pension fund increased its stake in bitcoin miner Riot Blockchainhttps://hashrateindex.com/stocks/riot (RIOT) nearly sevenfold in last year's Q4 amid the meteoric run-up in the price of bitcoin.
- The largest public pension fund in the U.S. had been holding firm on its nearly 17 thousand RIOT shares since acquiring them during the bull run in late 2017. That position seldom varied until now.
- RIOT spiked 541% during Q4 2020. Meanwhile, bitcoin was up 174% for the quarter.
- CalPERS board members included blockchain technologies as a future-forward investment opportunity during a public forum in 2016.
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