Bitcoin advocates have called for the Louisiana State Treasury to buy BTC after its announcement to divest roughly $794 million held with BlackRock.
It’s reported that Louisiana Treasurer John Schroder wrote to BlackRock CEO Larry Fink, expressing his dissatisfaction with the investment firm’s “woke” investment policies at the expense of destroying Louisiana’s economy.
The investment policies in question relate to Environmental, Social, and Governance (ESG) principles, which BlackRock has been pushing in what it calls “sustainable investing” standards.
However, in a recent annual meeting, it emerged the firm is unwinding ESG support based on shareholder acknowledgment that such policies dictate the pace of green transition without considering …
