On May 8, 2023, the price of Bitcoin (BTC) rose from a low of $93,327 the previous day to $99,374, with a maximum increase of over 6.4%. It is currently reported at $99,004.4, and the market is closely watching whether it can break through the $100,000 mark again. Behind the rebound in Bitcoin's price, the institutional buying frenzy is intensifying. On May 7, publicly traded company Thumzup announced plans to raise up to $500 million to increase operating capital and further promote its Bitcoin acquisition strategy. On the same day, Japanese publicly traded company Metaplanet announced an additional investment of $53.4 million to acquire 555 more Bitcoins. In addition to institutions, on May 7, New Hampshire became the first state in the U.S. to pass a strategic Bitcoin reserve bill, authorizing the state’s treasurer to hold Bitcoin in a regulated reserve structure.