News with the tag "Strategic Bitcoin Reserve"

The Bitcoin Policy Institute (BPI) proposes a model bill for US states to allocate 3% of their reserves to Bitcoin, aiming to hedge against inflation and enhance fiscal stability, with three states already enacting similar laws.

Sequans Communications is reallocating $384 million in newly raised capital into Bitcoin, citing its unique properties as a strategic hedge, marking one of the most aggressive corporate moves towards Bitcoin adoption.

Arizona Governor Katie Hobbs vetoed House Bill 2324, which aimed to create a Bitcoin and Digital Assets Reserve Fund using seized cryptocurrencies, citing concerns over weakening law enforcement efforts.

DDC Enterprise has secured a $528 million capital raise to pivot towards building a significant Bitcoin treasury, backed by major institutional investors.

Michael Saylor’s company, MicroStrategy, is set to realize a $14 billion gain from its Bitcoin holdings, highlighting a shift in corporate value perception driven by cryptocurrency investments.

Strategy's acquisition of $64 billion worth of BTC and its inclusion in the Russell Top 200 Value Index signify Bitcoin's growing acceptance as a legitimate value asset by Wall Street.

Kazakhstan’s National Bank is developing a concept for alternative investments and working on legislative changes to regulate digital assets, while also blocking unlicensed crypto transactions.