States Take Charge: 11 Bills Push to Hoard Bitcoin as the New Gold

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:

• Ross Ulbricht becomes a free man.

• US banks are now able to custody Bitcoin.

• El Salvador doubles its Bitcoin accumulation rate.

Let’s dive in! ⚡

We’ve got you covered.
Azteco Bitcoin Vouchers are private!

LATEST NEWS 📰

🙌 ADOPTION

• 52% of Americans sold stocks or gold to buy Bitcoin, 38% increased cryptocurrency investments after Trump's win, and 77% plan to increase cryptocurrency investments in 2025.

• Super Testnet, a prolific Bitcoin developer, advances Channel Factory, aiming to cut Lightning Network on-chain size and fees by over 90%.

• Blockstream Asset Management (BAM) launches two Bitcoin funds: a USD yield fund lending against Bitcoin collateral and an alpha fund targeting higher returns through advanced trading strategies and Lightning revenue.

⚖️ LEGAL

• Ross Ulbricht receives a full and unconditional pardon from Trump and an initial 1.31 BTC donation from Kraken, followed by 2.76 BTC in community contributions.

• Kansas Senator Bowser introduces Senate Bill 34, proposing that up to 10% of the Kansas Public Employees Retirement System’s funds be allocated to Bitcoin ETFs.

• The SEC officially rescinds SAB 121, enabling banks to custody Bitcoin without the burden of recording customer-held digital assets as balance sheet liabilities.

📈 MARKETS

• MicroStrategy acquires 11,000 Bitcoin, bringing its reserves to 461,000 BTC, while KULR acquires 79.39 BTC, raising its total to 510 BTC.

• Rumble makes its first Bitcoin purchase for its treasury and confirms a forthcoming wallet for video creators and subscribers to transact in BTC and USDT.

• Bitcoin ETFs hold now more than 1,161,000 Bitcoin, over 5.5% of the total Bitcoin supply.

⛏️ MINING

• MARA’s CEO announces his team is focusing on bringing the Strategic Reserve to all 50 states and the federal government.

• AgriFORCE Growing Systems acquires a 5 MW natural gas-powered Bitcoin mining facility in Ohio for $4.5M, featuring 900+ units, waste heat reuse, and carbon capture.

• UAE-based Phoenix Group secures 80 megawatts of power in Ethiopia for Bitcoin mining operations set to launch in Q2 2025.

🗳️ POLITICS

• Trump signs executive order creating a Working Group to “evaluate the potential” of a digital asset stockpile.

• El Salvador treasury holds over 6,043 Bitcoin, with more than 60 BTC added last month, doubling their previous accumulation rate of 1 BTC per day.

• Utah becomes the 11th state to propose a bill for a Bitcoin Strategic Reserve.

BAMS 2 SATS 🧢

This week was so eventful that it’s hard to focus on just one topic, but if I had to sum it up: Bitcoin is a movement by the people, for the people.

Naturally, this hasn’t been without controversy. Bitcoiners have faced criticism for supporting the government since plans for a Strategic Bitcoin Reserve emerged from Washington, D.C., this summer. Ironically, the same government that once sought to undermine Bitcoin is now trying to stay relevant in the face of a ballooning national debt by embracing the decade’s best-performing asset. To date, 11 states have proposed legislation to allow Bitcoin accumulation for their state treasuries.

Some argue that Bitcoin’s growth should slow to give individuals more time to adopt it before nation-states and institutions. But Bitcoin’s very design defies this. Its fixed supply, censorship resistance, and decentralized nature act as a gravitational force, pulling in everyone from retirees to corporations to governments fleeing the chaos of fiat debasement. Scarcity doesn’t wait for permission.

Bitcoin’s growth is a double-edged sword. The same network effect that empowers individuals also invites adversaries—opportunistic politicians, profit-maximizing megacorps, and legacy financial giants—to join the fray. Bitcoin’s neutrality means it won’t discriminate: It’s for everyone, even your enemies.

This creates a global arms race. Public companies now borrow billions to stockpile Bitcoin, treating it as a strategic reserve. Nation-states won’t be far behind. If you want to dilute their influence, the math is simple: Buy more. HODL tighter. Drain the liquid supply. Every satoshi you own weakens their grip on the future of money and puts more power in your hands.

Bitcoin was never about utopia. It’s about leverage. Its immutable ledger doesn’t care if you’re a cypherpunk or a central bank—it only records who acted first. So while critics debate ideals, pragmatists stack sats.

Stay safe and keep on stacking!
Bam

The Cowgirl Bitcoin Senator

For four years, Senator Cynthia Lummis of Wyoming has been Bitcoin’s strongest advocate in the U.S. government.

Now, as chair of the Senate Banking Subcommittee on Digital Assets, she’s poised to drive a major shift: a federal Strategic Bitcoin Reserve. Discover how her leadership could accelerate this critical initiative.

Follow us on Instagram for more!