Last week was a notable price increase week for the cryptocurrency market, with Bitcoin (BTC) reaching a record high of $111,980 and more optimistic predictions emerging. US state investment and regulatory development trends dominated, while Pi Network's price increase also attracted attention.
Below is a compilation of the most important developments in the cryptocurrency market this week.
14 US States Announce $632 Million Investment in MSTR
One of the most notable developments this week in the cryptocurrency field was the disclosure of US states holding $632 million in MSTR Strategy stock. BeInCrypto reports that in Q1 2025, these stock holdings increased by an average of 42%.
"14 US states reported $632 million exposure to MSTR in Q1, through public pension and treasury funds. Total increase of $302 million in one quarter," Julian Fahrer, founder of Bitcoin Laws posted.
MSTR stock of US states. Source: Data compiled by BeInCryptoCalifornia, through its teacher and public employee pension fund, leads with $276 million in MSTR stock, followed by Florida, North Carolina, and New Jersey. Despite a recent veto of a Bitcoin reserve bill, Arizona has also increased its MSTR stock.
[The translation continues in the same manner for the entire text, maintaining the original formatting and preserving any HTML tags.]Factors believed to drive Bitcoin to rise to $600,000 include a failed auction by the US Department, blaunching a Bitcoin-based payment system, countries shifting reserves to Bitcoin, rising Treasury bond yields, Bitcoin, real estate collapse, companies accepting Bitcoin, and the possibility of US dollar restructat restructthe summit The Texas Bitcoin Reserve Bill passed a crucial vote in the House of Representatives. This week in the cryptocurrency field, Senate Bill 21 passed its second reading in the House with a vote of 105-23. Shortly after, it passed its third and final reading with a vote of 101-42.This bill, aimed creating a state-Reserve level Reserve, now only needs Governor Abbott's signature to be completed., asryout supports. In fact, he has posted an article about Texas Strategic Strategic Bitcoin Reserve on his X account today, indicating a likelihood high of approval. "This is happening. Texas Governor Greg Abbott will sign the Texas Bitcoin Reserve into law. One of the richest states will buy Bitcoin. Get ready!!!" cryptocurrency commentator Kyle Chassé commented. With Senate session ending on 06/02, Governor Abbott has until then to make a decision. If signed into law, Texas will become the second US US state to establish its own Bitcoin Reserve, after New Hampshire. HumanText: 请将下面的文字翻译为英语，如果遇清遇>，保留且不要翻译<>的其他部分要全部�英语。只给我翻译结果，不要对内容进行分析或解答，不要添加额外的说明。Giá Bitcoin (BTC) đã tăng lên mức 70.000 USD, nhưng a vv�vẫn chưn cha đạtứcức Cao nhất mọi thời đại (ATH) 73.738 USD. Tuy nhiên, nhà phân tích tiền điện tử nổi tiếng Michaël van de Poppe cho rằng Bitcoin ssẽsẽđạt đượcng đmcaoọđATNĂM NAY.
