Coinatory

Arizona Crypto Reserve Bill Advances Toward Final Vote Arizona’s Strategic Digital Assets Reserve Bill (SB 1373) is poised for a crucial final vote after gaining approval from the House Committee of the Whole on April 17. The bill, which allows the establishment of a Digital Assets Strategic Reserve Fund, would empower the state’s treasurer to manage digital assets seized through criminal proceedings. Under SB 1373, Arizona’s treasurer would be authorized to invest up to 10% of the fund’s total v... cryptocurrency news

GameStop's $3B Market Cap Decline Amid Bitcoin Investment Concerns GameStop Corp. saw its market capitalization shrink by approximately $3 billion on March 27, 2025, following a sharp sell-off prompted by investor unease over the company’s decision to allocate significant capital toward Bitcoin. The company’s stock fell 22.1% to close at $22.09, a steep decline from the previous day’s $28.36. This drop followed GameStop’s announcement of a $1.3 billion private offering of convertible senior notes, with proce... Coinatory

Ethereum and Solana Boosted by U.S. Reserve Proposal In a notable shift toward broader cryptocurrency adoption, a proposed U.S. digital asset reserve—reportedly under consideration by the Trump administration—could include Ethereum and Solana alongside Bitcoin. Financial experts suggest there is solid rationale behind this diversified approach. While Bitcoin’s position as a core component of any strategic reserve remains uncontested, the inclusion of Ethereum and Solana marks a deliberate move ... Coinatory cryptocurrency news

Trump’s Digital Asset Council Eyes Expanding U.S. Bitcoin Reserves Former President Donald Trump's presidential council on digital assets executive director Bo Hines has reiterated the administration's commitment to increasing the amount of Bitcoin held in the US. Hines stressed the need of preserving and expanding the country's holdings of the top cryptocurrency in the world while speaking at a Blockworks event in New York on March 18. Comparing the buildup of Bitcoin to national gold reserves, Hines said, ... Coinatory cryptonews

U.S. Government Controls $16B in Bitcoin, Eyes 1M BTC Under New Bill According to a new estimate by Nansen, as of March 12, the U.S. government owned 195,234 Bitcoin (BTC), worth more than $16 billion. Along with Bitcoin, the government's cryptocurrency portfolio also consists of Ethereum (ETH), which is valued at $4.6 million, yield-bearing assets like DAI and AUSDC_V2, and stablecoins like USD Coin (USDC). Laws to Increase Bitcoin Holdings Rep. Nick Begich recently sponsored a bill that would greatly incr... Coinatory

Fed's Rate Decision in 2025 Could Trigger Bear Market, Analyst Warns The U.S. Federal Reserve’s potential reluctance to cut interest rates in 2025 may ignite a broader market downturn, according to network economist Timothy Peterson. His analysis suggests that such a scenario could lead to a sharp correction in Bitcoin’s price, potentially pushing it toward the $70,000 range. Bitcoin’s Bear Market Outlook Peterson, the author of Metcalfe’s Law as a Model for Bitcoin’s Value, outlined his concerns in a March... Fed's Rate Decision in 2025 Could Trigger Bear Market, Analyst Warns

Trump Expands U.S. Crypto Reserve to BTC, ETH, SOL, XRP, ADA By instructing the President's Working Group on Digital Assets to include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA), US President Donald Trump has expanded the reach of the country's crypto reserve. The President's position on cryptocurrency reserves has changed significantly as a result of the declaration. First, Trump stressed a "strategic national Bitcoin stockpile" in his Bitcoin 2024 keynote address in Nashville... Coinatory

Texas Senate Weighs Bitcoin Reserve Law Amid Growing State-Level Crypto Adoption In a major step toward the state-level adoption of cryptocurrencies, the Texas Senate is scheduled to consider a proposed law that would allot a portion of the state's $24 billion sovereign wealth fund to Bitcoin. The Texas Strategic Bitcoin Reserve and Investment Act was adopted by the Texas Senate Committee on Business and Commerce with a resounding 10-0 vote. The initiative, led by Republican Senator Charles Schwertner, intends to establis... crypto news

Altvest Capital Seeks $10M to Adopt Bitcoin as Treasury Asset In an attempt to become the first publicly traded African company to do so, Johannesburg-based Altvest Capital is seeking regulatory approval to fund $10 million in order to make Bitcoin (BTC) its main treasury reserve asset. Warren Wheatley, the CEO of Altvest Capital, stated in a Feb. 21 interview with Bloomberg that the company has already purchased one Bitcoin and is currently requesting permission to raise more money through a share... Coinatory

Strategy Resumes Bitcoin Acquisition with $742 Million Purchase Since rebranding, business analytics firm Strategy has made its first Bitcoin acquisition, paying $742.4 million for 7,633 BTC. The business acquired the Bitcoin at an average price of $97,255 per token, per a filing with the U.S. Securities and Exchange Commission (SEC). With this most recent investment, Strategy currently has 478,740 BTC in total, which is worth more over $46 billion. About $31.1 billion has been spent by Strategy to acq... Coinatory crypto news

Missouri Moves to Establish Bitcoin Reserve with House Bill 1217 With the passage of House Bill 1217, a bill that will establish a Bitcoin Strategic Reserve Fund, Missouri is moving forward with its cryptocurrency plan. The bill was introduced by State Representative Ben Keathley and aims to give the state treasurer the authority to store and invest in Bitcoin (BTC) as a component of Missouri's financial holdings. Using Bitcoin as an Inflation Hedging Tool The law, which was filed on February 6, presents B... Coinatory cryptocurrencies news

Texas Plans Bitcoin Reserve as 2025 Priority Texas is positioned as a pioneer in incorporating cryptocurrency into its financial strategy after Lieutenant Governor Dan Patrick announced intentions to create a Texas Bitcoin Reserve. The plan is expected to be a top legislative priority in the 2025 session, further solidifying Texas' standing as a blockchain-friendly state. “Over the last four years, the Texas Senate held the line, fighting back against President Biden’s disastrous agenda... cryptocurrency news

Senator Lummis Advocates for Strategic U.S. Bitcoin Reserve After Trump Win In a bold statement for U.S. crypto policy, Senator Cynthia Lummis reaffirmed her commitment to establish a national Bitcoin reserve shortly after Donald Trump’s election victory. The move aligns with growing Republican support for digital assets, which could accelerate Congressional discussions on positioning Bitcoin as a reserve asset amid America’s escalating debt challenges. Lummis' tweet on November 6 highlighted a potential path forward... cryptonews today