So, it turns out that regulatory clarity in the U.S. is like a magic spell for Bitcoin, making companies go all-in on their crypto hoarding. Last month alone, they racked up a whopping $11.3 billion! 💰
Bitcoin (BTC) is officially the cool kid on the block, with both governments and public companies jumping on the bandwagon. Just last Friday, June 13, Matador Technologies dropped a report that’s basically the “Mean Girls” of institutional Bitcoin adoption. Spoiler alert: public companies are totally crushing it with their Bitcoin stash.
1/ 🏛️ Regulatory momentum in U.S. Congress
•CLARITY (crypto market structure) and GENIUS (stablecoin framework) bills are advancing, with bipartisan support and a bitcoin‑friendly CFTC chair nominee Brian Quintenz.
•This marks a turning point: clearer regulation unlocking…
— Matador Technologies (@buymatador) June 13, 2025
According to Matador, 22 public firms have collectively hoarded about $11.3 billion worth of Bitcoin in just one month. GameStop, yes, that GameStop, is leading the charge with a jaw-dropping acquisition of 4,710 Bitcoin using its $1.75 billion convertible note. Meanwhile, Japan’s Metaplanet is aiming for a treasure chest of 210,000 Bitcoin. Talk about a crypto gold rush! 🏴☠️
What’s fueling this corporate Bitcoin frenzy? You guessed it: regulatory momentum! U.S. legislators are currently reviewing two bills: the CLARITY Act, which is like the “What’s the Deal with Crypto?” guide, and the GENIUS Act, which is all about stablecoins. Because who doesn’t want their money to be stable, right? 😂
U.S. Takes the Lead, Other Countries Try to Keep Up
In another plot twist, Matador Technologies reports that sovereign Bitcoin reserves are on the rise. The U.S. is strutting its stuff, with President Donald Trump announcing a Bitcoin strategic reserve on March 6. Because why not? The federal government is now sitting on around 200,000 Bitcoin, mostly from asset seizures. It’s like a treasure hunt, but with more paperwork!
And it’s not just the U.S. — states like Texas and Arizona are eyeing their own Bitcoin reserves. It’s like a political game of “who can hoard the most Bitcoin?” Other countries, including Japan, Brazil, Czech Republic, and Pakistan, are also considering their own Bitcoin treasure maps. But let’s not forget the recent scandal in Czechia over a Bitcoin donation. Because nothing says “trustworthy” like a political scandal! 🙄
With rising adoption at both corporate and government levels, Bitcoin is becoming the resilient superhero of the financial world. Matador Technologies even noted that Bitcoin bounced back to the $105,000 level, despite all the drama in the Middle East. Who knew crypto could be so dramatic? 🎭
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2025-06-13 19:29