New Hampshire Becomes First US State to Enact Bitcoin Reserve Bill.

New Hampshire Becomes First US State to Enact Bitcoin Reserve Bill.

New Hampshire has become the first US state to allow its treasury to invest in crypto assets after Governor Kelly Ayotte signed House Bill 302 into law on May 6. The law takes effect in 60 days, effectively allowing the state to begin accumulating Bitcoin.

HB 302 was introduced in January. It authorizes the New Hampshire state Treasurer to purchase Bitcoin and other digital assets with market caps above $500 billion.

However, only BTC currently qualifies, as the next largest, Ethereum, has just a $220 billion market capitalization. Holdings are capped at 5% of total state funds to maintain a balanced investment strategy, and all assets must be kept in US-regulated custody through state-controlled multisignature wallets, qualified custodians, or exchange-traded products.

Arizona Governor Signs Law For State To Keep Unclaimed Crypto.

Arizona Governor Katie Hobbs has signed a bill into law allowing the US state to keep unclaimed crypto and establish a “Bitcoin Reserve Fund” that won’t use any taxpayer money or state funds.

Hobbs signed House Bill 2749 into law on May 7, which allows Arizona to claim ownership of abandoned digital assets if the owner fails to respond to communications within three years.

The state’s custodians can stake the crypto to earn rewards or receive airdrops, which can then be deposited into what Arizona has called a Bitcoin and Digital Asset Reserve Fund.

Corporations Could Add $330bn to Bitcoin Treasuries in Next 5 Years: Bernstein.

According to recent Bernstein research, corporations could invest up to $330 billion in Bitcoin over the next five years.

This potential shift suggests Bitcoin is evolving from a speculative asset to a legitimate corporate treasury option. They added that, over the next five years, “we expect listed corporates to allocate around $205 billion in capital for Bitcoin acquisition.”

This will be led by “small-low growth companies, trying to emulate Strategy’s Bitcoin treasury model,” they added.

Researchers at the wealth management giant predicted that companies with $100 million or more in cash reserves could contribute $190 billion to BTC allocations. High-growth smaller firms might add $11 billion by 2026, and even conservative estimates suggest $5 billion could come from ten large firms by 2027.

The researchers made most of their predictions by comparing them to Michael Saylor’s Strategy (formerly MicroStrategy) model, which has been a huge success.

Saylor’s Strategy Makes Another Bitcoin Acquisition, Bringing Total to 555,450 BTC.

Co-founder and former CEO, Michael Saylor, announced the latest bitcoin acquisition made by the corporate giant, Strategy (formerly MicroStrategy). The company has spent over $180 million to purchase 1,895 BTC, bringing its total to well over 555,000 BTC.

Its total stash has surged to 555,450 BTC, bought at an average price of $68,550 per bitcoin. This means that the firm has spent $38.08 billion to acquire it, and its unrealized profit is currently north of $16 billion as BTC stands above $102,000.

Metaplanet Acquires 555 BTC, Bringing Its Total Holdings To 5,555 BTC.

Metaplanet Inc. purchased additional 555 Bitcoins after raising $25 million by issuing zero-coupon bonds on May 7, 2025. These bonds were sold to EVO FUND and come with no interest. The money raised was fully used to buy more Bitcoin.

This latest acquisition cost approximately $53.4 million at an average price of $96,134 per Bitcoin. Year-to-date, Metaplanet has achieved a BTC Yield of 136.7%, showcasing the effectiveness of its capital deployment strategy.

As of May 7, the company holds a total of 5,555 BTC, acquired for around $481.5 million at an average cost basis of $86,672 per Bitcoin.

Meanwhile, Tokyo-based Metaplanet has raised additional $21.25 million by issuing zero-interest bonds to grow its Bitcoin reserves. The company is making a strong move in the crypto space, choosing a cost-effective way to invest more in Bitcoin.

Crypto.com Expands US Presence with New Washington, DC Office.

Crypto.com is growing its U.S. presence with a new regional office in Washington, D.C. This development comes as 21Shares has introduced a new Exchange-Traded Product (ETP) that gives investors regulated access to Crypto.com-supported blockchain Cronos.

According to a May 7 press release, the new office will be located in Downtown D.C., close to the White House. The D.C. desk will mainly focus on handling public and government-related matters for the company’s operations in the country.

This marks Crypto.com’s latest expansion in North America, following the opening of its regional headquarters in Tyler, Texas, in 2024.

Ethereum Surges 18% to Cross $2,200 After Pectra Upgrade.

Ethereum (ETH) was up 18% today, going past the $2,200 mark after the much anticipated Pectra upgrade. This sharp surge followed new risk-on sentiment in the market as investors piled into the purchase of Ether. The 18% jump is the biggest single-day gain for ETH since May 2021.

The upgrade that became live on Tuesday is Ethereum’s biggest update since the 2022 Merge. It has code changes that improve staking efficiency, validator operations and scalability for Layer 2 solutions, thus further increasing the appeal of Ether.

Coinbase to Acquire Leading Crypto Derivatives Platform Deribit for $2.9bn.

The largest US-based crypto exchange has entered into an agreement to acquire the biggest digital asset options trading platform. The statement by Coinbase informed that the overall value of the transaction will be approximately $2.9 billion, comprised of cash and company shares.

The Wall Street-listed company described the move as a “milestone transaction,” as Deribit is the global leader in terms of crypto options, with a current open interest of roughly $30 billion. According to the statement, this acquisition will highlight Coinbase’s derivatives business, “establishing us as the premier global platform for crypto derivatives.”

$700 million out of the $2.9 billion total will be paid in cash, while the remaining will be in the form of 11 million shares of Coinbase Class A common stock. Although the transaction is subject to regulatory approval by US watchdogs, Coinbase’s stock prices soared in pre-market trading by almost 5% to over $200.

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