Bitcoin Adoption Gains Momentum as US States Embrace Cryptocurrency Investments

In a significant development for the cryptocurrency sector, multiple U.S. states are advancing legislative reforms to facilitate direct cryptocurrency investments, with several approvals already in place. This trend underscores the growing institutional acceptance of digital assets as viable treasury reserves. A notable example of this shift is MicroStrategy, now rebranded as Strategy, which began accumulating Bitcoin in 2020 under the leadership of former CEO Michael Saylor—a former crypto skeptic. The company''s stock price has seen a substantial surge alongside Bitcoin''s rising value, highlighting the increasing confidence in digital assets as a strategic investment. As of June 2025, these developments signal a broader acceptance and integration of cryptocurrencies into mainstream financial systems, paving the way for further adoption and potential price appreciation.

US States Advance Cryptocurrency Investment Legislation

Multiple U.S. states are pushing legislative reforms to enable direct cryptocurrency investments, with several approvals already granted. The momentum reflects growing institutional acceptance of digital assets as treasury reserves.

MicroStrategy, rebranded as Strategy, exemplifies this shift. Under former CEO Michael Saylor—once a crypto skeptic—the company began accumulating Bitcoin in 2020. Its stock price surged in tandem with BTC holdings, demonstrating how corporate balance sheets can leverage cryptocurrency appreciation.

Basel Medical Group Plans $1 Billion Bitcoin Treasury Acquisition

Singapore-based Basel Medical Group Ltd has initiated exclusive negotiations to acquire $1 billion worth of bitcoin (BTC) in a landmark move for Asia''s healthcare sector. The proposed transaction, structured as an innovative share-swap arrangement with institutional crypto investors, would position BMGL among the region''s most financially robust healthcare providers.

The strategic treasury allocation reflects growing institutional recognition of Bitcoin as a balance sheet asset rather than speculative play. "This isn''t about trading volatility," said CEO Dr. Darren [name truncated in source], signaling a long-term approach to corporate crypto adoption. The deal''s scale would set a new benchmark for APAC healthcare firms venturing into digital asset treasury management.

Addentax Group Corp. Plans $800M Bitcoin Portfolio Acquisition via Stock Swap

Addentax Group Corp. (ATXG) unveiled a strategic pivot toward digital assets, proposing an $800 million acquisition of cryptocurrencies—including 8,000 Bitcoin—through an equity-for-crypto swap. The Nasdaq-listed firm, traditionally focused on textiles, aims to issue new common stock to secure the holdings, signaling a long-term bet on blockchain adoption.

Despite the ambitious move, ATXG shares fell nearly 10% to $0.6045 during midday trading. The portfolio may include OFFICIAL TRUMP tokens, reflecting a broader push into politically themed digital assets. Market observers note the deal’s reliance on stock issuance rather than cash reserves, a tactic increasingly adopted by firms seeking crypto exposure without liquidating treasury assets.

14 US State Pension Funds Hold $632M in MicroStrategy, Reflecting Growing Bitcoin Proxy Demand

Public pension funds across 14 U.S. states have collectively invested $632 million in MicroStrategy (MSTR) stock, according to data compiled by Julian Fahrer of Bitcoin Laws. The holdings mark a $302 million quarterly increase, underscoring institutional appetite for Bitcoin-correlated assets.

MicroStrategy—rebranded as ''Strategy''—has become a preferred proxy for Bitcoin exposure among traditional investors. The company''s aggressive BTC accumulation strategy, now holding over 214,000 coins, offers indirect crypto access without custody complexities.

This pension fund allocation surge coincides with Bitcoin''s Q1 2024 institutional adoption wave. Public filings reveal states increasingly treat MicroStrategy shares as a regulated on-ramp for treasury-level crypto exposure, despite recent volatility in BTC-linked equities.

Crypto Miners and Galaxy Digital Rally on AI Optimism and Nasdaq Debut

Crypto mining and data center firms surged 10%-20% Friday as artificial intelligence HYPE electrified markets. The rally followed CoreWeave''s $4 billion AI infrastructure deal with OpenAI, highlighting miners'' potential as AI infrastructure plays. Hut 8, Hive Digital, and TeraWulf led the charge alongside CoreWeave''s 26% leap.

Galaxy Digital marked its Nasdaq debut with an 8% gain, graduating from its Toronto-only listing. The crypto investment firm''s U.S. listing arrives as institutional interest grows, though Bitcoin itself remained rangebound NEAR $104,000.

Eric Trump Aligns Trump Family with Crypto Community, Criticizes Banks

Eric Trump, son of former U.S. President Donald TRUMP and co-founder of Bitcoin mining firm American Bitcoin, delivered a pointed critique of traditional banks during his appearance at Consensus in Toronto. "There''s a famous saying that sometimes the enemy of your enemy is actually your best friend," Trump told the audience. "That was the Trumps with the crypto community. And I think the banks made the biggest mistake of their lives."

The remarks underscored a strategic alignment between the Trump family and digital asset advocates. Trump also serves as an advisor to World Liberty Financial (WLF), which recently launched USD1—a U.S. dollar-backed stablecoin that has rapidly achieved a $2 billion market capitalization. WLF co-founders joined Trump on stage to announce USD1''s interoperability across multiple blockchains via Chainlink''s Cross-Chain Interoperability Protocol (CCIP).

The speech framed cryptocurrency adoption as both a personal and ideological battleground, with Trump positioning the asset class as a counterforce to traditional financial institutions.