Happy Monday Bitcoiners, it's Bam here from Bitcoin News.

Our goal is to help save you time by personally curating the most impactful Bitcoin events of the week into an easy-to-read update.

This week was historic for Bitcoin, with significant events such as Donald Trump announcing that the U.S. should hold Bitcoin as a strategic reserve asset, RFK Jr. pledging to accumulate 4 million BTC for the U.S. if elected president, and multiple corporations adopting a Bitcoin strategy.

Let’s dive in for more! ⚡

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LATEST NEWS 📰

🙌 ADOPTION

• Jack Mallers announces a new Strike plug-in for BTCpay Server, providing merchants with easy on and off-ramps for local currencies.

• The State of Michigan adds Bitcoin ETFs to its pension fund, disclosing a $6.6 million purchase.

• Lightning Labs announces the release of Taproot Assets on Lightning, unlocking the potential for trillions in stablecoin volume on the Bitcoin network.

⚖️ LEGAL

• Senator Lummis announces proposed legislation for a Strategic Bitcoin Reserve in the United States.

• Democrat politicians write a letter to the DNC, urging the party to move away from Elizabeth Warren’s anti-Bitcoin policies.

• MicroStrategy and Bitcoin Magazine announce a partnership to onboard more corporations to Bitcoin.

📈 MARKETS

• OneMedNet, a publicly traded company, announces a Bitcoin treasury strategy, purchasing $1.8 million in Bitcoin and an additional $4.6 million in private placement.

• Marathon announces Bitcoin as a strategic treasury reserve asset, purchasing $100 million in Bitcoin and adopting a “HODL” strategy for all newly mined Bitcoin.

• Fold lists on the NASDAQ, holding a treasury reserve of 1,000 Bitcoin with plans to accumulate thousands more.

⛏️ MINING

• A Bitcoin block was just found for the first time by a 500 Gh/s BitAxe home miner.

• HIVE Digital to build a 100MW Bitcoin mining operation in Paraguay, despite the country's plans to increase electricity prices.

• Iren adds 150MW to its Childress, Texas facility, bringing the company’s total capacity to 2310MW.

🗳️ POLITICS

• RFK Jr. pledges four executive orders if elected: directing the US Treasury to purchase 550 Bitcoin daily until a reserve of 4 million Bitcoin is built, directing the DOJ to transfer its 200K Bitcoin to the Treasury to be held as a reserve asset, making all transactions between Bitcoin and the US Dollar non-taxable, and treating Bitcoin as property.

• Donald Trump pledges that if elected president, he will never sell the Bitcoin currently held by the US government and will maintain it as a strategic reserve asset.

• John Deaton, the Massachusetts Senate candidate running against Elizabeth Warren, announces that 82% of his net worth is in Bitcoin.

BAMS 2 SATS 🧢

This week will be remembered in history. Just before the highly anticipated Bitcoin Conference 2024 began, the long-awaited Mt. Gox funds were distributed to its creditors after 11 years. Remarkably, there was no sell-off, unlike weeks earlier when Germany “dumped in a friendly manner” close to 50,000 BTC.

This display of disciplined HODLing demonstrates the conviction of the Bitcoiners who received the Mt. Gox funds, as they refused to sell despite thousands of percent appreciation.

Throughout the conference week, multiple corporations announced the initiation of their Bitcoin strategy, also known as implementing the MicroStrategy playbook.

Inspired by MicroStrategy’s outstanding performance (outperforming NVIDIA since August 2020), these corporations plan to buy Bitcoin with cash proceeds, hold it as a treasury reserve, and potentially issue shares or debt to acquire even more.

During his Bitcoin Conference keynote, Michael Saylor exemplified this strategy, presenting some eye-popping projections for Bitcoin’s potential performance by 2045.

Additionally, and most interestingly, we have reached a point where politicians are using Bitcoin as a tool to win votes. During the conference, leading presidential candidate Donald Trump announced plans for the country to create a strategic Bitcoin stockpile by not selling the 213,000 Bitcoin it already owns. He also pledged to free Ross Ulbricht and fire Gary Gensler on day one.

But it gets even better. RFK Jr. surprised everyone with his deep understanding and commitment to Bitcoin. He revealed that he is a huge supporter and has most of his wealth in Bitcoin. He then pledged to sign four executive orders to make the US the largest daily buyer of Bitcoin, aiming to accumulate 4 million BTC (nearly 20% of the total supply) as a reserve asset.

t is mind-blowing to see how much Bitcoin and its community have grown in the last 15 years. Companies now feel they are missing out and have begun to accumulate Bitcoin, while politicians recognize that the Bitcoin cohort is significant enough to include Bitcoin in their campaign strategies.

You are simply not bullish enough.

Keep on stacking!
Bam

Saylor Predicts $100T BTC Market Cap

Our in-person interview with Michael Saylor is live on YouTube!

We discuss:

• Trump's views on Bitcoin

• Why 2024 started the Bitcoin gold rush

• Why AI will want Bitcoin

  This is one you don’t want to miss!