UPDATE ON FUNDS $BTC
1. Diagram “State Reserve Race”
- 49 bills related to states or the federal government reserving Bitcoin/digital assets have been proposed.
- Only 3 bills have been enacted - implying a success rate of ~6%.
- Up to 34 bills have failed - reflecting that political reactions are still cautious or facing legal barriers.
- There are still 12 bills hanging in steps such as Chamber 1 => Committee 2 => Chamber 2.
=> The U.S. is still in a testing phase regarding the story of Bitcoin becoming a “reserve asset” at the state/national level.
=> The pace is slow but with spreading momentum, it may take many years for enough states to “nod” to create a network effect.
2. Corporate Bitcoin Adoption Q2/2025
- Up to 847K #BTC in the hands of public companies - equivalent to ~4% of total BTC supply.
- Valued at 91 billion USD (much larger than the awakened whale wallet from the day before).
- There are 125 companies holding $BTC => an increase of 58% compared to the previous quarter, meaning 46 new companies have added BTC to their balance sheets.
- @Strategy (Michael Saylor) still holds the majority (597,325 BTC).
- New names include: Twenty One (37,230 BTC), Metaplanet (13,350 BTC - notable in Tokyo).
- In Q2 alone, 159,107 BTC were purchased - a strong increase compared to previous quarters.
=> Bitcoin is repositioning from a speculative asset to a reserve asset; this process will not be quick, businesses are ahead, policies and the Government are following, and in the long term, there is still potential for further development.
