by Rushali 
California’s public pension fund has increased its stake in bitcoin miner Riot Blockchain around 7 times in the last year Q4, amid the historic bullish rally of bitcoins.
At the end of 2020, California Public Employees’ Retirement System (CalPERS) held 113,034 shares in RIOT worth over $1.9 million. Comparatively in Q3 2020, CalPERS’ held 16,907 RIOT shares whose worth was $49,000.
The largest public pension fund in the U.S. had acquired the nearly 17 thousand RIOT shares in the bull run of 2017, and still holding it despite so many ups and downs.
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In Q4 2020, RIOT shares were high by 541% and BTC was up by 174%.
During the public forum of 2016, CalPERS board members have included blockchain technologies as a future-forward investment opportunity.
