Palm Springs, CA — June 14, 2025 — Bitcoin was on everyone’s lips at last week’s FreedomFest, where an unprecedented wave of orange-pilled conversation swept across panels, networking events, and luncheons.

The festival, branded as “the world’s largest gathering of free minds,” featured over 160 keynote speakers—including Ross Ulbricht, Spike Cohen, Cornel West, Adam Carolla, and Kat Timpf—underscoring the event’s broad appeal and intellectual range.

In the midst of this packed agenda, The Anthem Film Festival, FreedomFest’s official film festival, showcased Dirty Coin: The Bitcoin Mining Documentary, a provocative new documentary that dives headfirst…

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Texas Governor Greg Abbott has signed Senate Bill 21 creating a Texas Strategic Bitcoin Reserve. The law allows the state to hold Bitcoin as part of its long term financial assets and aims to protect Texas against inflation.

The reserve will be managed by the Texas Comptroller of Public Accounts with guidance from a panel of crypto professionals. Bitcoin is the only asset currently eligible due to its large market size and proven resilience.

This move makes Texas the first state to dedicate public funds into Bitcoin and establish a dedicated structure for crypto assets. The reserve can grow from public donations airdrops or investment gains and will publish reports every two years ensuring transparency. Texas now joins Arizona and New Hampshire as leaders in this bold financial future.

Senate Bill 21

Cardone Capital, led by entrepreneur Grant Cardone, has made headlines by purchasing 1,000 Bitcoin — a historic first for a real estate company. This bold step integrates Bitcoin into its core business strategy, blending traditional property assets with digital currency investments.

The company already manages over 14,200 rental units and more than 500,000 square feet of premium office space. Now, Grant Cardone calls both real estate and Bitcoin “best-in-class” investments. Plans are in place to buy another 3,000 Bitcoin and add 5,000 more rental units before the year ends — showing strong confidence in both markets.

Bitcoin is currently valued at about $102,000, putting Cardone Capital’s crypto holding above $100 million. If the firm acquires the additional Bitcoin as planned, its total crypto assets could top $400 million. The move has drawn praise from Bitcoin supporters including Michael Saylor, who congratulated Cardone on X. This strategy may inspire a new wave of hybrid real estate and crypto investors.

Bitcoin-focused Nakamoto Holdings has secured $51.5 million in fresh capital through a private equity deal according to merger partner KindlyMD. The company was founded by David Bailey who serves as crypto adviser to US President Donald Trump. The funds were raised in under 72 hours showing strong investor confidence in Nakamoto’s strategy to build a massive Bitcoin treasury.

Bailey said the capital will go toward buying more Bitcoin along with covering general company needs. KindlyMD confirmed the financing was priced at $5.00 per share pushing their total funding to $563 million and $763 million including convertible notes. The deal will close with an upcoming merger that puts Nakamoto on the Nasdaq under the ticker NAKA.

Nakamoto Holdings aims to become a major Bitcoin treasury similar to other firms adding BTC to balance sheets. The merger with KindlyMD was approved last month and is expected to finalize in Q3 2025. This move follows a growing trend of public firms accumulating Bitcoin.

Source

Texas Governor Greg Abbott has signed House Bill 4488 (HB4488) creating a legal shield for select state funds including any Bitcoin reserve established outside the state treasury. The new law ensures these funds cannot be pulled into the state’s general revenue giving added protection to future digital asset reserves.

The bill also covers other strategic funds such as the Texas Advanced Nuclear Development Fund and the Gulf Coast Protection Account. These will be formed or reformed as separate entities either within or outside the treasury depending on the requirements of their enabling legislation.

Governor Abbott has not yet acted on Senate Bill 21 which would allow Texas to invest in cryptocurrencies like Bitcoin that have a market cap above 500 billion dollars. Currently only Bitcoin qualifies. He has until June 22 to sign veto or let the bill pass into law without action. If approved the Texas Strategic Bitcoin Reserve would become a protected entity under the framework now set by HB4488.

House Bill 4488

Today, the government of Norway announced its plans to introduce a temporary ban on establishing new Bitcoin and cryptocurrency mining data centres.

The government concluded that it was better to redirect electricity to other industries and economic sectors and that it would be better for the national interest.

“The Labour Party government has a clear intention to limit the mining of cryptocurrency in Norway as much as possible,” said the Minister for Digitalization and Public Administration Karianne Tung.

The ruling Labour Party has attributed the upcoming ban to the excessive electricity consumption by power-intensive Bitcoin and crypto mining operations, which it says…

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For as long as bitcoin has existed, self-custody–the ability to transact with and hold your own wealth without the need for a third party intermediary like a bank or other financial institution–has been central to the offer. 

For some, self custody is a firmly-held belief in the right to “be your own bank.” For others, it’s a practical step taken to safeguard a valuable asset that can be–and has been–lost to exchange hacks, mismanagement, or FTX-style collapse. A bit like keeping a safe full of cash at home, if there’s a run on the “bank,” your coins are immune. 

And while the “how” of self custody has changed forms throughout bitcoin’s history,…

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In a wide-ranging conversation, Bitcoin Magazine Pro’s lead analyst Matt Crosby sat down with on-chain cycle expert Rational Root to explore the pressing question on many investors’ minds: Are Bitcoin’s historic four-year cycles still intact, or is institutional adoption fundamentally altering Bitcoin’s long-established rhythm?

The discussion dives into on-chain metrics, ETF flows, market psychology, and corporate accumulation—all central to understanding whether Bitcoin’s next big move is delayed, dampened, or still ahead.

On-Chain Market Position: Not Overheated Yet

According to Rational Root, the Bitcoin market is far from cycle exhaustion.

“We’re only…

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Recent announcements in quantum computing have brought renewed attention to the question of how these advances could impact Bitcoin. In a newly published report, we provide an overview of the current state of quantum computing, the threat model for Bitcoin, and the next steps being considered. This post offers a summary of our key findings and recommendations. See the full report here.

Timeline for Bitcoin Preparation to Quantum Computing

We outline a dual-track migration strategy for Bitcoin in response to the potential emergence of quantum computing.

Long-Term Path: This comprehensive approach assumes that there is still a substantial window of time before quantum… Read more on BitcoinMagazine