North Dakota Investment Board increases its Strategy stake by 10% to 10,275 shares
The North Dakota State Investment Board, which manages $29 billion in assets, disclosed that it increased its holdings in Bitcoin treasury company Strategy by 10%, bringing its total holdings to 10,275 shares, worth about $1.4 million. Bitcoin Treasuries posted the information on its X account on October 29, 2026.
The holding was disclosed through an SEC 13F filing. Some reports said that as of the end of the third quarter, the holding had increased by about 10.8% from the previous quarter, with an end-of-quarter valuation of about $1.57 million. As of October 18, Strategy held 848,517 bitcoins.
Original source:
Title: JUST IN: $29 billion U.S. North Dakota State Investment Board just disclosed it has increased its stake in Strategy $MSTR by 10%... Publisher: Bitcoin Treasuries (@BTCtreasuries) Publication date: 2026-10-29 URL: https://x.com/BTCtreasuries/status/2115714316196610545 Source type: industry media original post Verification status: this time the full text of the post and multiple English paraphrases were actually read (2026-10-29) Supporting content: the core data of the holding increasing by 10% to 10,275 shares, worth about $1.4 million, and the $29 billion asset management scale
ABAB AI Insight
The North Dakota State Investment Board manages state government funds, including public pensions. Previous public records show that the board had established a Strategy position in an earlier quarter, at about 9,295 shares. After this increase, Strategy shares still accounted for only a very small portion of its overall portfolio.
Institutional indirect exposure to bitcoin through shares of bitcoin treasury companies is a common path for state-level and public funds to enter the digital asset sector. This model allows funds to allocate capital in the regulated public equity market rather than directly holding spot bitcoin. Strategy itself continues to add to its bitcoin holdings through financing and operating cash flow, and its balance sheet and stock performance are highly tied to bitcoin prices.
The key indicators to watch are whether similar increases appear in subsequent 13F filings by other state-level or public funds, and how the weight of Strategy shares changes in public fund portfolios.
ABAB News · Laws of Cognition
When public funds obtain indirect exposure through bitcoin treasury company shares, the allocation size is usually far smaller than their total assets under management.
Changes in holdings disclosed in quarterly 13F filings reflect positions at the end of the reporting period and do not directly equal trading execution on the disclosure date.