State of Michigan Retirement System’s ARK 21Shares Bitcoin ETF ARKB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2025 Q2	$10.7M	Hold	300,000	–	–	0.06%	265
2025 Q1	$8.22M	Hold	300,000	–	–	0.05%	307
2024 Q4	$9.33M	Sell	300,000 -30,000	-9%	-$933K	0.05%	291
2024 Q3	$6.98M	Hold	330,000	–	–	0.03%	352
2024 Q2	$6.6M	Buy	+330,000	New	+$6.6M	0.03%	349