🪙 Sats Per Share - 05/08/2025
⏰ Treasury Misses Critical Deadline
The U.S. Treasury has failed to meet its May 5th deadline for releasing the Strategic Bitcoin Reserve evaluation. While inter-agency audits are reportedly near completion, there's no requirement for public disclosure. Meanwhile, Bitcoin trades at $94,418, suggesting market confidence despite the delay.
🗽 New Hampshire Takes the Lead in State-Level Crypto
Making history as America's first state-level crypto pioneer, New Hampshire has authorized its treasurer to invest up to 5% of state funds in Bitcoin. The groundbreaking legislation, signed by Governor Kelly Ayotte, requires investments to focus on cryptocurrencies with market caps exceeding $500 billion. While other states like Arizona and Florida have backed away from similar proposals, New Hampshire's bold move could trigger a domino effect across other states.
🤔 BitMEX Founder Skeptical of Further Government BTC Buys
Arthur Hayes, BitMEX co-founder, casts doubt on significant expansion of U.S. government Bitcoin holdings beyond currently seized assets (approximately 198,000 BTC). Hayes points to high national debt and negative "Bitcoin bro" stereotypes as major hurdles for additional taxpayer-funded purchases.
📈 Strive Asset Management's Bitcoin Treasury Play
In a significant private sector move, Strive Asset Management announces plans to transform into a Bitcoin treasury company through a reverse merger with Asset Entities. The deal, valued at approximately $1 billion, includes provisions for tax-free BTC-to-stock exchanges, adding to the growing $74 billion corporate Bitcoin treasury trend.
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