The State of Michigan Retirement System, which manages $19.3 billion in assets, has significantly increased its bet on Bitcoin. According to a recent SEC filing, the fund has tripled its holdings in the ARK 21Shares Bitcoin ETF ($ARKB), now owning 300,000 shares valued at $11.4 million. This marks a substantial jump from the 100,000 shares … Read more
Despite a minor 0.43% dip, Bitcoin ($BTC) is trading at a strong $113,906, with institutional players continuing to show bullish conviction. Galaxy Digital reported a massive turnaround, posting a $30.7 million profit in Q2 after a significant Q1 loss. This recovery was fueled by a strategic increase in their Bitcoin holdings to over 17,102 BTC, … Read more
Brazil is taking a significant step toward potentially creating a national Bitcoin reserve. On August 20, the country’s House of Representatives will hold a public hearing to discuss a bill that would allow up to 5% of its $300 billion treasury reserves—roughly $15 billion—to be allocated to Bitcoin. The proposal aims to protect Brazil’s reserves … Read more
BitBridge Capital Strategies is set to go public, trading under the ticker symbol BTTL by the end of the third quarter, with plans to list on the NASDAQ. This follows the completion of its merger with Green Mountain Merger Inc. The company distinguishes itself from others in the space by having no legacy business operations. … Read more
The Indonesian government is exploring the possibility of adopting Bitcoin as a national reserve asset, a strategy they believe could stimulate long-term economic growth. Representatives from Bitcoin Indonesia recently met with officials from the Vice President’s office to discuss this and other related initiatives. The proposal includes leveraging Indonesia’s rich hydroelectric and geothermal resources for … Read more
Bitcoin is showing signs of recovery, trading just above the $115,000 mark after a volatile week that saw over $1 billion in leveraged positions liquidated. This rebound comes as investors grapple with ongoing macroeconomic concerns and evaluate whether the recent downturn was a healthy “leverage flush” or a sign of deeper trouble. A Necessary Correction? … Read more
Marathon Digital Holdings (MARA) reported a modest decrease in its Bitcoin production for July 2025, with 703 bitcoins mined, a 1% decline from the previous month. The company attributed this drop to a 9% increase in the Bitcoin network’s mining difficulty and a rebound in the global hashrate, which made mining more challenging. Despite the … Read more
On August 4, a publicly-listed European company, Capital B, announced it has raised €11.5 million in a new funding round. This capital increase, in partnership with TOBAM BITCOIN ALPHA FUND, is a strategic move to aggressively expand its Bitcoin treasury. The financing aims to strengthen Capital B’s position as “Europe’s first dedicated Bitcoin treasury company.” … Read more
France’s far-right National Rally party (Rassemblement National, or RN) is preparing to introduce a bill that would establish a five-year pilot program to use surplus nuclear energy for Bitcoin mining. The proposal, spearheaded by MP Aurélien Lopez-Liguori, aims to convert excess electricity from nuclear plants into Bitcoin, especially during periods of low power demand when … Read more
According to a recent financial report, Nasdaq-listed Trump Media & Technology Group has significantly grown its financial assets, reaching approximately $3.1 billion. This growth is primarily attributed to a substantial $2.4 billion Bitcoin acquisition strategy. The company has also announced its first-ever quarter of positive operating cash flow, totaling $2.3 million. Despite this, it reported … Read more