Today, H.B. 4258, which authorizes the state’s comptroller to invest up to $250 million in bitcoin has been referred to the state’s Delivery of Government Efficiency Committee, which is Texas’ version of the United States federal government’s DOGE.

The bill was originally introduced to the Texas House of Representatives on March 11, 2025, and was sponsored by two Democratic Congresspeople — Rep. Ron Reynolds and Mihaela Plesa.

Under the proposed legislation, Texas’ comptroller would have the power to invest funds (up to $250 million, as mentioned) from the state’s Economic Stabilization Fund — colloquially referred to as the state’s “Rainy Day Fund”, which was…

Read more on BitcoinMagazine

Michael Saylor, you were forced to realise that all the store-of-value assets are defective and pushed you to focus on the only asset that is not. That does not make you immune to seeing the medium of exchange case. You will see how the housing market is huge when you watch it from one point of view and horrible from another. But if you experience pain driving you to keep your billions of dollars purchasing power, housing is a decent tool to keep it.

Your SoV obsession misses the mark—badly. The biggest aspect of Bitcoin is the medium of exchange. Even though the fiat system increasingly separates money’s functions, that doesn’t mean it should. I get that saying Bitcoin is a…

Read more on BitcoinMagazine

Grayscale has announced a major step forward in crypto investment opportunities by applying to the SEC for converting its Digital Large Cap Fund into a spot ETF. The fund known as GDLC boasts a diverse portfolio with leading cryptocurrencies like Bitcoin and Ethereum making up the bulk of its assets. Since its inception in 2018 the fund has seen a significant return of approximately 479% demonstrating the growing investor interest in digital assets.

Recent adjustments to the fund’s structure included the introduction of Cardano in place of Avalanche following an index rebalancing earlier this year. Grayscale’s move aligns with its goal to bring crypto investments closer to the mainstream financial community. The proposed ETF aims to maintain similar asset allocations while enhancing access for retail investors.

The momentum in the crypto ETF space is undeniable with recent approvals for Bitcoin and Ethereum-based products in 2024. Grayscale’s push to expand its ETF offerings to include cryptocurrencies like XRP ADA and Dogecoin underscores the increasing demand for regulated crypto investment vehicles. Analysts from Bloomberg predict strong approval prospects for upcoming Litecoin and Dogecoin ETFs.

Form S-3

The Human Rights Foundation (HRF) has announced a new round of grants from its Bitcoin Development Fund, distributing 1 billion satoshis (10 BTC) to over 20 projects worldwide. The grants aim to support open-source Bitcoin development, mining decentralization, privacy tools, and educational initiatives for individuals living under authoritarian regimes, with a focus on Latin America, Africa, and Asia.

The latest cohort includes diverse projects advancing Bitcoin’s role as a financial and human rights empowerment tool.

NetBlocks, a digital rights watchdog organization, monitors and reports on internet shutdowns in real-time. Authoritarian regimes often use these shutdowns to suppress…

Read more on BitcoinMagazine

Tokyo-based Metaplanet Inc. strategically enhanced its cryptocurrency portfolio by acquiring 696 Bitcoins during the first quarter of 2025. The company utilized a Bitcoin Income Generation business model focusing on selling cash-secured Bitcoin put options. This approach was outlined in a regulatory filing made on April 1.

The firm reported impressive operating revenue of 770.35 million yen approximately $5.15 million from this financial strategy. By describing the initiative as a method to generate recurring revenue while boosting long-term Bitcoin holdings the company showcased its commitment to leveraging financial instruments for growth and sustainability.

With an initial deployment of 9.386 billion yen in cash collateral Metaplanet managed to secure over 50.26 BTC in option premiums. This was complemented by an additional 645.74 BTC acquired when some options were exercised further solidifying its position in the cryptocurrency market.

Source