On May 16, according to statistics by Bitcoin Laws founder Julian Fahrer, public retirement and financial funds in 14 U.S. states are expected to hold MicroStrategy (MSTR) shares with a market value totaling $632 million by the first quarter of 2025, with a single-quarter increase of $302 million and an average holding increase of 44%. Among them, California, Wisconsin, and Florida have the largest holdings, while Colorado and Utah have the largest increases, reaching 67% and 184% respectively.