BTC Weekly: Week 18-20 (2025)

Key Events from 4/27/2025-5/17/2025

1. New Hampshire has become the first U.S. state to establish a Strategic Bitcoin Reserve, allowing its treasury to invest up to 5% of public funds in Bitcoin and other digital assets with a market capitalization exceeding $500 billion, following the signing of House Bill 302 by Governor Kelly Ayotte on May 6, 2025. (Bloomberg)

2. Julian Fahrer reports “14 US states have reported $632m in $MSTR exposure for Q1, in public retirement and treasury funds. A collective increase of $302m in one quarter. The average increase in holding size was 44%.” (@Julian__Fahrer)

3. Coinbase shares rose 24% after being included in the S&P 500, replacing Discover Financial Services. (CNBC)

4. Healthcare company KindlyMD's stock rose over 620% after merging with Nakamoto Holdings in a $710 million deal to form a Bitcoin treasury conglomerate, led by David Bailey. (The Street)

5. Charles Schwab will launch spot cryptocurrency trading within 12 months, as announced by CEO Rick Wurster. (Bezinga)

6. Ukraine is drafting legislation to establish a national Bitcoin reserve with support from Binance, aiming to become one of the first countries to hold Bitcoin in its reserves. (CryptoSlate)

7. South Korea's National Pension Service, managing over $800 billion, is exploring direct Bitcoin investments following recent legislation and bipartisan support for integrating cryptocurrencies into public investment strategies. (FXStreet)