Monat: Mai 2025

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Bitcoin eyes $112k as Strategy announces plans to buy $2.1B BTC

  • Bitcoin (BTC) price trades above $111,400 and eyes $112k amid new bullish momentum.
  • Strategy, formerly MicroStrategy, has announced plans to buy up to $2.1 billion in BTC.
  • The company’s plans and overall market outlook are boosting bulls.

Bitcoin (BTC) rose above $111,000 again after a brief retreat from its all-time high.

The top crypto traded at $111,486 at the time of writing, just off the ATH of $111,861 reached on Wednesday.

While the daily range included a revisit of prices below $111k, Strategy’s, formerly MicroStrategy, announcement looks to have injected fresh impetus into Bitcoin bulls.

With BTC near $111.5k, bullish sentiment could see it line up another explosive run.

This is after Michael Saylor’s Strategy revealed plans to buy an additional BTC worth $2.1 billion.

On May 22, 2025, Strategy disclosed the intended BTC purchase in a prospectus supplement that the company filed with regulators.

The filing shows that Saylor’s publicly-listed firm plans to issue up to $2.1 billion of its 10.00% Series A perpetual preferred stock and use the proceeds to add to its Bitcoin strategy. Funds will also go into working capital.

“Strategy expects to make sales of perpetual strife preferred stock pursuant to the ATM Program in a disciplined manner over an extended period, taking into account the trading price and trading volumes of the perpetual strife preferred stock at the time of sale. Strategy intends to use the net proceeds from the ATM Program for general corporate purposes, including the acquisition of bitcoin, and for working capital,” the company said in a press release.

Bitcoin price prediction

Crypto investor and analyst Scott Melker posted on X that Bitcoin had just completed a “golden cross”, between the 50-day and 200-day moving averages.

He shared a chart showing the potential BTC price pump.

“This is the third since late 2023. As you can see, each was preceded by a “death cross,” which has always been a lagging signal at the bottom,” he noted. “Each Golden Cross led to a parabolic advance.”

Here’s Scott Melker, aka Wolf of All Streets’ post with a Bitcoin price chart.

After hitting highs above $110k, analysts are bullish that the next target for BTC could be $120k by the end of the second quarter.

Standard Chartered forecasts a run to $200k by the end of the year, while gains amid institutional interest could send Bitcoin price to above $500k by 2029.

In the tailwinds corner for BTC price could be the “massive liquidity boom” that Bitcoin maxi Fred Kreuger says will soon hit the market.

Bitcoin price has increased by over 4% in the past 24 hours and over 25% in the past month.

The post Bitcoin eyes $112k as Strategy announces plans to buy $2.1B BTC appeared first on CoinJournal.

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Michigan lawmakers introduce 4 crypto bills as Congressmen revive Blockchain Regulatory Certainty bill

  • Michigan’s HB 4510 allows pension funds to invest in crypto ETFs.
  • HB 4512 enables Bitcoin mining at abandoned oil or gas wells.
  • HB 4513 offers income tax breaks to miners in remediation schemes.

State and federal lawmakers are charting a new course for cryptocurrency in the United States.

In Michigan, a legislative package of four crypto-focused bills is moving forward, combining pension fund exposure, environmental cleanups, and digital asset rights.

At the same time, lawmakers in Washington have reintroduced a bill to clarify the regulatory obligations of blockchain developers and non-custodial providers.

These coordinated efforts aim to balance innovation with accountability, as regulators seek to provide legal clarity without stifling decentralised finance.

The push reflects a growing political will to define crypto’s role within the broader financial and technological landscape.

Michigan bill allows crypto in pension funds

One of the most significant pieces of Michigan’s legislation is House Bill 4510, which would permit state-managed retirement systems to invest in cryptocurrencies through regulated financial products, such as exchange-traded funds (ETFs).

These investment vehicles must meet market capitalisation thresholds and be overseen by relevant financial authorities, offering a relatively conservative pathway for exposure to assets like Bitcoin.

The proposal comes amid rising institutional interest in crypto and growing demand for diversified, inflation-resistant portfolios.

If passed, the bill would position Michigan among a small group of US states, enabling public pension managers to hold crypto-linked assets under regulatory safeguards.

Mining linked to abandoned wells and tax breaks

In a bid to align crypto with environmental responsibility, Michigan’s HB 4512 and HB 4513 introduce an energy reuse programme targeting abandoned oil and gas wells.

Under the plan, Bitcoin miners would be allowed to power operations using these dormant energy sites, provided they remediate environmental damage.

Ownership transfers, well site assessments, and environmental progress tracking would be mandated under the bill, ensuring accountability.

In return, miners participating in the scheme would qualify for income tax deductions under HB 4513.

The measures are designed to attract miners with incentives while tackling legacy pollution problems.

The bills reference Bitcoin explicitly and focus on “orphan well programmes” as a potential win-win for the energy and crypto sectors.

State protection against CBDCs and digital discrimination

Another critical element of Michigan’s proposal is House Bill 4511.

This bill would prohibit state and local authorities from creating restrictions, licensing rules, or special taxes targeting digital assets solely based on their digital form.

It also bans any state agency from endorsing or promoting a central bank digital currency (CBDC), drawing a clear line between decentralised cryptocurrencies and government-backed digital money.

The legislation signals a strong defence of crypto users’ rights within Michigan, providing legal backing for miners, node operators, and token holders against targeted regulatory pressure.

If adopted, it could set a precedent for other states seeking to protect decentralised finance ecosystems.

Federal legislation aims to clarify developer rules

While Michigan pursues state-level crypto integration, Washington is moving ahead with national reform.

US Representatives Tom Emmer and Ritchie Torres recently reintroduced the Blockchain Regulatory Certainty Act, which seeks to establish clear boundaries on who qualifies as a “money transmitter” under federal law.

The Act would exempt developers and non-custodial service providers, such as those who build blockchain protocols or run interfaces that never hold user funds, from financial licensing requirements.

Only those who directly control consumer assets would be subject to oversight.

The lawmakers argue this clarification is needed to keep blockchain talent and startups within the US, rather than pushing them offshore.

“Today, @RepRitchie and I introduced the Blockchain Regulatory Certainty Act to protect blockchain developers and service providers that never custody consumer funds from unjust government prosecution,” Emmer posted on X on 3 May.

The bill aims to address regulatory uncertainty that critics say has slowed domestic blockchain innovation and led to uneven enforcement.

By drawing a regulatory line between developers and custodians, the bill hopes to ease legal pressures on creators and infrastructure providers.

 

 

The post Michigan lawmakers introduce 4 crypto bills as Congressmen revive Blockchain Regulatory Certainty bill appeared first on CoinJournal.