BTC Weekly: Week 23-25 (2025)

Key Events from 6/1/2025-6/21/2025

1. The signing of SB 21 by Texas Governor Greg Abbott establishes Texas as the third U.S. state, following Arizona and New Hampshire, to create a Bitcoin Reserve. (@Bitcoin_Laws)

2. Japanese investment firm Metaplanet acquired 1,112 BTC for $117.2 million, bringing its total Bitcoin holdings to 10,000 BTC, surpassing Coinbase Global's 9,267 BTC, and announced a $210 million zero-interest bond issuance to fund further Bitcoin purchases. (The Block)

3. Cardano founder Charles Hoskinson proposed converting $100 million of ADA from the blockchain’s $1.2 billion treasury into Bitcoin and stablecoins to boost DeFi activity and support ADA’s price through buybacks. (CCN)

4. Coinbase announced the launch of the Coinbase One Card, a credit card offering up to 4% bitcoin back on purchases, to be issued by First Electronic Bank on the American Express Network, exclusively for Coinbase One members in the U.S., with availability expected this fall. (American Express)