Bitcoin $BTC continues to be a focus of attention in the financial markets, with significant developments in recent days. Recently, Tysons, Virginia-based MicroStrategy announced a name change to “Strategy,” adopting a logo that incorporates the Bitcoin symbol. The change reflects the company’s commitment to positioning itself as the largest corporate holder of Bitcoin, with continued acquisitions of the cryptocurrency since 2020.

In addition, Truth Media, a company associated with former President Donald Trump, is expanding its operations in the financial sector with the launch of the Truth.Fi investment platform. Among the planned products is the “Bitcoin Plus ETF,” which aims to give investors exposure to Bitcoin and potentially other cryptocurrencies. This initiative comes amid a surge in interest in cryptocurrency ETFs in the United States.

On the international stage, El Salvador, which in 2021 became the first country to adopt Bitcoin as legal tender, recently reformed its legislation, no longer recognizing Bitcoin as such. The change is intended to meet the requirements of the International Monetary Fund (IMF) for the granting of a US$1.4 billion loan. With the reform, the use of Bitcoin in the country becomes optional, and the cryptocurrency can no longer be used for tax payments.

These events highlight the dynamics and volatility of the cryptocurrency market, with significant implications for investors and policymakers around the world.