🪙 Sats Per Share - 02/14/2025

States Race to Stack Sats: A $23B Bitcoin Buying Spree? 🏛️

Twenty US states are eyeing legislation that could trigger an unprecedented $23 billion Bitcoin buying spree. According to VanEck's analysis, this could translate to roughly 247,000 BTC in state-level strategic reserves. While North Dakota has already passed on the opportunity, Arizona and Utah are leading the charge, with Texas making bold moves to claim first-mover advantage.

Texas Goes All-In on Crypto Reserves 🤠

Everything's bigger in Texas, including crypto ambitions. The Lone Star State has refiled its Bitcoin reserve bill with an exciting twist: they're not just stopping at Bitcoin. The amended legislation opens the door for investment in other cryptocurrencies, positioning Texas to potentially become the first state with a comprehensive crypto reserve strategy.

Wyoming's Finest Consider Bitcoin 🚔

In an interesting development, the Wyoming Highway Patrol Association is exploring adding Bitcoin to its balance sheet. While not a state reserve play, this move as part of the "Get Off Zero" initiative signals growing institutional interest at various government levels.

Trump's DeFi Platform Makes Strategic Moves 🏛️

World Liberty Financial (WLFI), backed by Donald Trump, has launched a "Macro Strategy" to strengthen its DeFi presence. Despite transferring $307 million to Coinbase Prime, leaving reserves at $38 million, the platform maintains this is part of their treasury management strategy. All assets remain in publicly accessible wallets for transparency.

Goldman's Bitcoin ETF Bet Hits $1.5B 📈

Wall Street giant Goldman Sachs has dramatically increased its Bitcoin ETF exposure to over $1.5 billion in Q4 2024. The investment spans multiple funds, including BlackRock's IBIT and Fidelity's FBTC, alongside significant options positions, demonstrating growing institutional confidence in the crypto market.

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