Bitcoin Momentum Builds: Institutions, Innovation, and Infrastructure Surge Forward

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:

• Brown University becomes the 3rd US university to gain BTC exposure.

• Arizona Governor vetoes Strategic Bitcoin Reserve Bill.

• 52.4% of Bitcoin mining is now zero-emission.

Let’s dive in! ⚡

Azteco. For every bit of life.

LATEST NEWS 📰

🙌 ADOPTION

• Coinbase reports that 15% of all its Bitcoin transactions now run on the Lightning Network, powered by Lightspark.

• MediaMarkt, with over 1,000 locations primarily in Europe, is now selling Bitcoin hardware wallets in-store, marking a major step for retail adoption.

• Tephra Digital unveils a 21-step blueprint for building a Bitcoin-backed financial system. Steps 1 through 9 are already complete.

⚖️ LEGAL

• The EU will ban anonymous crypto accounts by July 2027, requiring ID verification for all transactions over €1,000.

• The UK’s Financial Conduct Authority (FCA) proposes banning the purchase of crypto assets using any form of credit, including credit cards and loans, citing rising consumer debt tied to volatile digital assets.

• Kraken stops a North Korean hacker posing as an engineering applicant by staging a fake final interview to confirm and expose the threat.

📈 MARKETS

• BlackRock’s European Bitcoin ETP reaches $208 million in holdings, now managing 2,219 BTC as institutional demand continues to grow.

• Metaplanet is launching a U.S. subsidiary in Miami called Metaplanet Treasury Corp, backed by $250M in capital to expand access to U.S. markets, improve liquidity, and increase execution speed.

• Brown University’s $7.2 billion endowment purchases $4.9 million worth of a Bitcoin ETF, becoming the third U.S. university to gain BTC exposure.

🏦 TREASURY

• Strategy acquires 15,355 BTC for $1.42B at $92,737 per coin, bringing total holdings to 553,555 BTC. Saylor announces the firm aims to raise $84B to buy more Bitcoin.

• Brazil's largest bank Itaú backs MicroStrategy-style firm Oranje, which will launch with a $210M Bitcoin purchase—marking the first Latin American company fully dedicated to BTC.

• The Blockchain Group, Europe's largest Bitcoin treasury company, aspires to hold 1% of the total Bitcoin supply by 2033 as they become the best-performing stock in France over the last six months.

⛏️ MINING

• Cambridge releases an updated Bitcoin mining report showing 52.4% of the network is now powered by zero-emission energy, up from 37%. Emissions intensity has dropped significantly, and methane mitigation is offsetting over 5% of total emissions.

• Riot Platforms reports mixed Q1 results, with revenue up 13% to $161.4M, slightly above estimates. Bitcoin mining income doubled year-over-year to $142.9M, boosted by higher prices and better operations.

• Bitcoinwifey shows off her Bitaxe Bitcoin miner cooled by the water of a cat fountain.

🗳️ POLITICS

• Governor Katie Hobbs vetoes Arizona’s Bitcoin Reserve bill, despite House and Senate approval, calling crypto an “untested investment” unfit for retirement funds.

• Deputy Director of the CIA, Michael Ellis: "Bitcoin is here to stay. It's another area of technological competition where we need to make sure the United States is well positioned against China and other adversaries."

• 35 out of 50 states have introduced pro-Bitcoin legislation in the last year.

BAMS 2 SATS 🧢

Chasing for Gold

Since the start of the year, we’ve seen a myriad of headlines about institutional adoption, with many firms promoting Bitcoin as a treasury asset, even as the price stagnated or dipped, briefly falling below $75,000.

As always, sentiment tends to follow price. During that period, we saw traders and analysts publicly calling the top of the cycle. But institutions like Strategy weren’t fazed, they kept stacking Bitcoin aggressively. Now, as the price rallies back up, it’s worth pausing to reflect.

In just the two months that Bitcoin traded below $97,000, Strategy managed to accumulate more than 50,000 BTC. That’s wild, isn’t it?

On another note, some analysts continue to anchor their models to global monetary supply as the main driver of Bitcoin’s price. The logic tracks: more money in the system equals more capital chasing assets, including Bitcoin which acts as the optimal sponge for excess liquidity.

It’s often said that new liquidity takes time to show up in asset prices. If you shift the chart about three months, Bitcoin’s recent retracement lines up neatly with the dip in global liquidity that we saw at the end of 2024.

But here’s the kicker, it’s been more than three months since that bottom, and Bitcoin has already pushed to new highs.

So the question now is:
Are we on the verge of seeing another breakout?

Well, we shall see.

Stay safe and keep on stacking!
Bam

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In our latest video, Rob Wallace breaks down how Canada’s reliance on government jobs and handouts, combined with electing a former central banker to replace Trudeau, sets the stage for serious economic trouble.

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