New Hampshire Establishes Crypto Reserve
Mark May 6th as a huge day for crypto when the first US State, New Hampshire signed into a law a bill to allow the state to invests in crypto assets. While several states such as Florida and Arizona have had some setbacks, New Hampshire won the race to be first to have a established crypto reserve. Governor Kelly Ayotte posted on X "New Hampshire is once again first in the Nation". The state can now purchase as much as 5% of its available public funds to be invested in digital assets that have at least a $500 Billion market capitalization which currently is only Bitcoin. Based on the end of 2024 if the treasurer choose to invest all 5% into Bitcoin it would total $181 million approximately 1,194 Bitcoins. Now that precedent has been set expect more states to follow in the near future.
Strike Launches Bitcoin Loans
Jack Mallers announced that Strike Bitcoin-backed loans are now available for american customers across 26 states. Mallers stated that loans will soon be available in other regions including Europe. The is a big step for Bitcoin holders to never have "to sell the best performing asset in human history to access cash" stated Mallers. Loans will be available with no credit checks with instant access with 12 month terms at 12% APR interest with 50% loan to value with no origination fees or prepayment penalties. This will allow help holders avoid tax implementation as they will not sell their assets. Assuming Bitcoin continues to perform as it has in the past the price appreciation will increase faster than the 12% interest rate on the loan.
Quick Hits
- Thumzup Media, another publicly traded company files to raise $500 million to buy more Bitcoin.
- Saylor states at Bitcoin for Corporations conference that Microsoft can create $4.9 Trillion in shareholder value via Bitcoin.
- Blackrock's Bitcoin ETF just has more inflows than its Gold ETF in 2025. Gold's replacement as hedge asset is here.
- Ricardo Salinas, Mexico's 3rd richest man says billionaires should invest in Bitcoin over real estate.
Less than 1 million crypto addresses have more than 1 Bitcoin. More evidence on how scarce Bitcoin is and will continue to be.
