Arizona’s Bold Move: Bitcoin Reserve Fund Proposal Gains Momentum

Arizona lawmakers are reigniting efforts to establish a state-managed cryptocurrency reserve fund through House Bill 2324, which recently passed a narrow Senate vote. The proposed legislation aims to create a 'Bitcoin and digital asset reserve' funded by assets seized in criminal investigations. This development marks a significant step toward institutional adoption of cryptocurrencies, potentially setting a precedent for other states. The bill now awaits final approval in the House before potentially reaching Governor Katie Hobbs' desk, signaling growing governmental acceptance of digital assets as legitimate financial instruments.

Arizona Revives Crypto Reserve Fund Proposal Through House Bill 2324

Arizona lawmakers are making another push to establish a state-managed cryptocurrency reserve fund, fueled by assets seized in criminal investigations. House Bill 2324, previously rejected in the House, gained new life after a narrow 16–14 Senate vote on June 19. The bill now returns to the House for final approval before potentially reaching Governor Katie Hobbs' desk.

The proposed legislation creates a 'Bitcoin and digital assets reserve fund' exclusively funded by forfeited crypto. Assets would be liquidated through state-approved exchanges to ensure transparent pricing, though some may be held in native form. Proceeds would be allocated with $300,000 going to Arizona's Anti-Racketeering Revolving Fund, followed by a 50/25/25 split between racketeering enforcement, the general fund, and the new crypto reserve.

Security provisions mandate storage in state-controlled digital wallets managed by authorized personnel, with strict protocols against theft or unauthorized access. The MOVE signals growing institutional recognition of cryptocurrency's role in public finance, though the bill's narrow passage suggests lingering political hesitancy.

What’s Next for Bitcoin as Investors Turn Sceptical of the Upcoming BTC Price Action

Bitcoin's price action in mid-2025 has left even seasoned traders hesitant. After reaching historic highs earlier this year, BTC now oscillates within a tight range between $103K and $106K, reflecting a market in search of direction. The lack of clear momentum and macroeconomic pressures—including the U.S. Federal Reserve's cautious stance and a strengthening dollar—have compounded investor skepticism.

Geopolitical tensions further cloud the outlook, leaving the crypto community to ponder whether Bitcoin will break out or break down from its current consolidation. The absence of a decisive move above $106K or below $100K underscores the market's uncertainty, with bulls and bears locked in a standoff.

Peter Schiff Says Silver Beats Bitcoin on Profits and Risk – Is He Right?

Peter Schiff, a perennial bitcoin critic, has shifted focus to silver amid BTC's recent pullback. The gold advocate claims silver offers superior upside with less risk compared to Bitcoin, sparking debate within the crypto community.

Bitcoin dipped 3.8% from its $108,000 high, trading NEAR $104,700 when Schiff made his remarks. His argument hinges on silver's perceived stability versus Bitcoin's volatility, though historical performance data contradicts his narrative.

The crypto market responded with characteristic defiance. Analysts note Schiff's timing coincides with Bitcoin's consolidation phase after a 60% year-to-date rally, while silver remains flat against inflation-adjusted all-time highs.

French National Assembly Rejects Bitcoin Mining Amendment

France's legislative body has blocked a proposal to explore Bitcoin mining using surplus nuclear energy, citing procedural rules. The decision prevents France from joining countries like El Salvador and Bhutan in adopting state-backed Bitcoin mining strategies.

The rejected amendment aimed to assess how Bitcoin mining could optimize France's nuclear power output by absorbing excess electricity. Proponents argued it could stabilize grids and revitalize industrial zones while maintaining low-carbon operations.

This move highlights the growing tension between energy policy and digital asset innovation in developed economies. France maintains its cautious stance despite Bitcoin's potential as an energy sink for its nuclear-dominated power infrastructure.

Semler Scientific's $11 Billion Bitcoin Bet Aims to Rival MicroStrategy

Semler Scientific, a previously low-profile medical technology firm, has announced an audacious plan to accumulate 105,000 Bitcoin by 2027—a move that WOULD position it as the second-largest corporate holder of BTC globally, trailing only MicroStrategy. The June 20 declaration propelled Semler's shares up 12% in pre-market trading as investors rallied behind its aggressive treasury strategy.

The $11 billion target dwarfs the company's modest $60 million annual revenue, signaling a radical pivot from its Core business of diagnostic devices for peripheral artery disease. Since adopting Bitcoin as its primary reserve asset in May 2024, Semler has acquired 4,449 BTC worth $471 million, with purchases averaging $88,263 per coin.

Execution risks loom large. The roadmap demands procuring over 100,000 additional BTC within three years—a feat requiring nearly $10 billion at current prices. Market observers note the plan mirrors MicroStrategy's playbook, where Bitcoin acquisitions fueled both corporate transformation and stock outperformance.

Semler Scientific Announces Aggressive Bitcoin Accumulation Strategy Targeting 105,000 BTC by 2027

Semler Scientific, a Nasdaq-listed healthcare technology firm, has unveiled an ambitious three-year plan to amass 105,000 Bitcoin by December 2027. The company's current BTC holdings have already generated 287% returns with $177 million in unrealized gains, demonstrating the success of its early adoption strategy.

The phased accumulation begins with a 10,000 BTC target for 2025, scaling to 42,000 BTC in 2026 before reaching the ultimate goal. Joe Burnett, a prominent Bitcoin researcher recently appointed as Director of Bitcoin Strategy, will lead this corporate treasury transformation. "It's time to build one of the most valuable companies in the world," Burnett stated in a social media post confirming his new role.

The announcement coincides with notable Bitcoin wallet activity - whale addresses increased by 231 in the past ten days while retail wallets saw a dramatic 37,465 reduction. Semler's move positions it among elite corporate BTC holders like MicroStrategy, signaling growing institutional confidence in Bitcoin as a treasury reserve asset.