Michigan lawmakers have advanced a bill to create a state-level crypto reserve, with a broad definition for eligible assets, and without mentioning Bitcoin directly. If passed, Michigan would join other states like Texas, New Hampshire, and Arizona that have either passed or are considering similar legislation to establish crypto reserves.Continue Reading
Several nations including the US, Pakistan and others are establishing strategic Bitcoin reserves, recognising cryptocurrency as a national-level strategic asset despite corporate enthusiasm waning. Corporate Bitcoin treasury strategies face mounting pressure with reduced investor appetite, slower equity issuance, rising borrowing costs and growing scepticism toward exotic crypto-linked instruments. The S&PContinue Reading
Several nations including the US, Pakistan and others are establishing strategic Bitcoin reserves, recognising cryptocurrency as a national-level strategic asset despite corporate enthusiasm waning. Corporate Bitcoin treasury strategies face mounting pressure with reduced investor appetite, slower equity issuance, rising borrowing costs and growing scepticism toward exotic crypto-linked instruments. The S&PContinue Reading
Kyrgyzstan’s parliament passed amendments enabling a national crypto reserve and new digital asset regulations. The bill introduces frameworks for stablecoins, tokenised assets, and oversight of service providers and exchanges. Final approval depends on President Sadyr Japarov, who recently legalised the country’s digital som CBDC. Kyrgyzstan’s parliament has approved amendments toContinue Reading
Philippine Congressman Miguel Luis Villafuerte introduced House Bill 421 proposing the country purchase 2,000 Bitcoin annually for five years, totalling 10,000 BTC held for at least 20 years. The legislation includes strict provisions preventing sales except for government debt repayment, with post-holding period sales capped at maximum 10% of assetsContinue Reading
Bo Hines has resigned as the Executive Director of the White House Crypto Council to return to the private sector. During his tenure, he proposed a “budget-neutral” strategy to acquire Bitcoin for a national reserve by revaluing government gold holdings and selling a portion of them. Patrick Witt, who hasContinue Reading
Brazil’s Chamber of Deputies will hold a hearing on 20 August to deliberate on creating a national Bitcoin reserve through bill 4501/2024. A 2024 proposal suggested allocating 5% of Brazil’s US$330 billion reserves to Bitcoin, which would equate to approximately US$16.5 billion in BTC. Brazil leads South American crypto adoptionContinue Reading
The US government has filed a civil complaint to seize 20.2 BTC (worth US$2.4M) from the ransomware group Chaos. If approved, these funds could be added to the proposed US Strategic Bitcoin Reserve. Estimates of the US government’s total Bitcoin holdings vary wildly. While some trackers show around 198,000 BTC,Continue Reading