The cryptocurrency market is witnessing remarkable progress with a series of positive news, affirming Bitcoin's increasingly solid position in both public finance and business. This is clear evidence that the acceptance of cryptocurrency is not limited to the individual level but has infiltrated large institutions.
Texas leads with an independent Bitcoin reserve
#Texas has just made history by becoming the first state in the United States to establish an independent Bitcoin reserve funded by public money. Governor Greg Abbott signed Senate Bill 21, paving the way for the allocation of $10 million in the budget to purchase Bitcoin.
This is completely different from Arizona and New Hampshire, which have only recently passed laws allowing the establishment of reserve funds. Texas has taken a step further by actually using public funds to accumulate Bitcoin, demonstrating a significant shift in the perspective on digital assets at the state level. This is an extremely strong signal regarding the legitimacy and potential of Bitcoin in diversifying public assets.
BlackRock's Bitcoin ETF: The "magnet" attracting record inflows
BlackRock's spot Bitcoin ETF ($IBIT) is proving to be extraordinarily attractive. According to Eric Balchunas from Bloomberg, $IBIT has surpassed $SPLG (an ETF tracking the S&P 500) to become the fourth largest fund in terms of inflows since the beginning of 2025.
Though it has only been operational for a year and a half, #IBIT has quickly risen to the fifth position in total inflows over the last three years. Michael Saylor confidently states: "At this rate, $IBIT will surely become the largest inflow fund." This indicates enormous interest from institutional and retail investors in Bitcoin through traditional financial instruments.
Real estate and Bitcoin: CardoneCapital leads the new trend
CardoneCapital has become the first public company to combine the real estate sector with a Bitcoin strategy. The company has just purchased about 1,000 BTC to add to its balance sheet.
Currently, #CardoneCapital owns an impressive portfolio with 14,200 apartments and 500,000 ft² of Class A office space. They plan to purchase an additional 3,000 BTC and expand by 5,000 apartments this year. This unique combination shows that Bitcoin is being viewed by businesses not just as an investment asset but as an integral part of their business strategy and asset management, especially in traditional sectors like real estate.
These positive pieces of information from Texas, BlackRock, and CardoneCapital are proof that Bitcoin and the cryptocurrency market are gaining broader acceptance, not only from individual investors but also from large institutions and governments. Could this be the beginning of a new era of digital finance?