AIMCo — Canada's top pension fund — bought the Strategy (formerly MicroStrategy) dip and is now up $69M on the position. They'd previously exited, so this re-entry is telling.
Pension funds don't swing trade. When a $170B+ fund comes back to bitcoin, it's not speculation — it's allocation. AIMCo manages retirement savings for 17 million Canadians. Their timing suggests they see BTC as a multi-year hold.
Watch for other sovereign and pension funds to follow. This is how institutional adoption actually happens — not headline ETF inflows, but treasury decisions made in boardrooms.