$BTC While XRP soared on Sunday, bitcoin (BTC) consolidated its US Jobs Report gains, holding well above the $100k psychological support level.

While the SEC’s roundtable will draw significant interest on June 9, a markup of the CLARITY Act on June 10 also needs consideration. More commonly referred to as the crypto market structure bill, the CLARITY Act provides a clear delineation of responsibilities between the SEC and the CFTC, ending the years of regulatory uncertainty plaguing the crypto industry.

If passed, lawmakers may shift their focus to the Bitcoin Act, which could materially dent BTC’s supply side of the supply-demand balance. Senator Cynthia Lummis reintroduced the Bitcoin Act in 2025. The bill proposes the US government acquire one million BTC over five years, with a 20-year mandatory holding period.

US government demand could potentially collide with increasing institutional demand as more companies consider adding BTC to Treasury assets.

Major announcements on corporate BTC accumulation have grabbed the headlines in recent weeks. These include:

1: Trump Media Group: Raised $2.3 billion to establish a Bitcoin reserve.

2: Metaplanet, Asia’s MicroStrategy: Announced an incredible $5.4 billion equity raise, aiming to acquire 210,000 BTC by the year-end of 2027. Currently, Metaplanet holds 8,888 BTC, with a FY 2025 target of 30,000 BTC.

3: K Wave Media (South Korean media firm): Announced a $500 million securities deal to fund a Bitcoin treasury, aiming to become the Metaplanet of Korea.