Bitcoin for Corporations: From Theory to Strategic Arms Race

Happy Monday Bitcoiners, it's Bam here with another Bitcoin update!

Each week, our team at Bitcoin News saves you time by curating the most impactful events into a concise, easy-to-read update.

Notable events this week include:

• Two state-level Strategic Bitcoin Reserves are signed into law.

• Corporate Bitcoin announcements explode after Strategy event.

• 100 million Americans can now pay for burgers with Bitcoin.

Let’s dive in! ⚡

Azteco. For every bit of life.

LATEST NEWS 📰

🙌 ADOPTION

• Coinbase releases a bold Bitcoin-only ad during the NBA playoffs, making a clear case for sound money by contrasting it with the Fed’s relentless money printing.

• Revolut, a European fintech giant, integrates the Bitcoin Lightning Network, enabling faster and cheaper BTC transactions for its users.

• Steak 'n Shake announces Bitcoin payments at all U.S. locations starting May 16, making BTC available to over 100 million customers.

⚖️ LEGAL

• New Hampshire signs the nation’s first state-level Bitcoin Reserve Fund into law. Up to 5% of state funds can go into BTC. Arizona becomes the second U.S. state to enact a Strategic Bitcoin Reserve days later.

• Missouri passes HB 594, effectively exempting Bitcoin from state capital gains tax, part of a broader trend among U.S. states to attract crypto investment through tax reform.

• Alex Mashinsky, Founder of Celsius Network, is sentenced to 12 years in federal prison on May 8, 2025, after pleading guilty to securities and commodities fraud.

📈 MARKETS

• Strike announces Strike Lending, allowing users to borrow fiat without selling their Bitcoin, offering access to liquidity while holding onto the best-performing asset in history.

• Bitcoin ETFs see fresh all-time highs for Cumulative inflows hitting over $41 billion.

• Morgan Stanley says Bitcoin now has a sufficient market cap to serve as a U.S. government reserve asset, suggesting a potential $370 billion allocation.

🏦 TREASURY

• Strategy CEO predicts more than 700 public companies will hold Bitcoin on their balance sheet by next year.

• Jetking CEO says the Indian public company is raising billions to acquire 18,000 Bitcoin before the next halving in 2030.

• Strive Asset Management becomes a Bitcoin treasury company, merging with Asset Entities to form the first publicly traded asset manager focused on maximizing Bitcoin exposure per share.

⛏️ MINING

• Bitdeer energizes new Bitcoin mining facilities in Tydal, Norway and Jigmeling, Bhutan, deploying SEALMINER A1 and A2 units.

• CleanSpark’s April update shows 12,100+ BTC in treasury and a new $200M credit facility with Coinbase, part of a disciplined capital strategy to optimize the balance sheet.

• Cornell University study proposes Bitcoin mining as a national strategy for South Korea, boosting energy efficiency and helping reduce national debt.

🗳️ POLITICS

• Samson Mow meets Taiwanese legislator JC to push a national Bitcoin strategy as the U.S. launches its reserve. JC has advocated ETF access and opened gov’t talks. JAN3 and Plan ₿ will host sessions at the Legislative Yuan.

• Oregon passes SB 167, officially recognizing Bitcoin as legal collateral for business transactions.

• Roswell, New Mexico becomes the first U.S. city to establish a municipal Strategic Bitcoin Reserve, receiving a 0.111 BTC donation, bringing total contributions to over $15,000.

BAMS 2 SATS 🧢

The Corporate Race Is On

This week was packed. After three months of downward volatility, Bitcoin roared back above $100K in just days.

On May 6–7, Strategy hosted its highly anticipated Bitcoin for Corporations event in Miami. Corporate leaders, financial executives, and tech innovators from around the world gathered for what many are calling a master class in financial engineering. Since adopting its Bitcoin reserve strategy, Strategy has outperformed every major asset, including the S&P 500.

In hindsight, their accumulation strategy looks brilliant. Through a brutal bear market, they kept stacking and now their holdings are almost unreal. They’ve hit a level that may be out of reach for any other single company. But that’s not stopping others from trying.

Metaplanet has set its sights on 21,000 BTC by the end of the year. Jetking aims to reach 18,000 BTC by the next halving. And The Blockchain Group has just announced its bold goal: to reach 210,000 BTC—1% of the total supply—within eight years.

If you still don’t feel the pressure building, here’s a quick snapshot of corporate Bitcoin activity just this past week:

• Strategy added 1,895 BTC, now holding 555,450 BTC.

• Semler Scientific acquired 167 BTC, reaching 3,634 BTC in total.

• KULR added 42 BTC, now at 716.2 BTC.

• Metaplanet acquired 555 BTC for ~$53.4 million at ~$96,134 per coin, bringing its total to 5,555 BTC. It also issued $46.25 million in 0% ordinary bonds to buy more.

• Thumzup Media Company filed to raise $500 million to expand its Bitcoin holdings.

• Rumble Inc. increased its stash to ~210 BTC, up from 188 BTC in March.

One of the most exciting parts of this moment is watching the Bitcoin network effect in action. What does that look like? Take the team at MSTR True North: in just a year, they’ve gone from “kid analysts” to a respected voice in the space. By clearly explaining Strategy’s Bitcoin approach to a broader TradFi audience, they’ve helped accelerate institutional orange-pilling.

To close, here’s one last example that highlights the urgency of this moment. Tim Kotzman, host of The Bitcoin Treasuries Podcast and a member of the MSTR True North team, recently shared that he persuaded Maevlo, an energy investment firm, to pivot toward a Bitcoin treasury strategy.

The network is growing. The pressure is rising. And the game is on.

Stay safe and keep on stacking!
Bam

The States Will Lead

In our latest video, Rob Wallace breaks down how New Hampshire made Bitcoin history as the first state to sign a Strategic Bitcoin Reserve into law.

This trend is just getting started as SBRs are now on all levels of US government - federal, state and local.

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