Tag Archives: Bitcoin reserves

On February 13, a new bill (HB 4087) was introduced in Michigan, paving the way for the state’s first Bitcoin investment plan. Representatives Bryan Posthumus and Ron Robinson introduced the bill to modernize the state’s financial laws and incorporate cryptocurrencies into its investment strategy. This step is a significant milestone, as Michigan now joins a growing number of U.S. states that are legally addressing the handling of digital assets. Details of the Bill The bill allows Michigan’s...

Metaplanet raises 9.5 billion yen to accelerate Bitcoin reserves. This acquisition positions Metaplanet as a key player in the digital asset market. Japanese investment firm Metaplanet Inc. has raised 9.5 billion yen ($60.6 million) this week through two bond issuances. With these funds, the company intends to accelerate its Bitcoin purchases. Metaplanet will issue a 5 billion yen ($31.9 million) bond. It comes after the 4.5 billion yen ($28.7 million) bond issue earlier in the week. Both...