Bitcoin Rebounds Strong as Institutions and States Pile In

Hey crypto trailblazer, 👋

Bitcoin is riding a wave of bullish momentum fueled by institutional, state, and geopolitical drivers. Let’s explore three hot developments powering the bull case:

🚀 Pomp with $1B BTC Treasury Plan

Anthony Pompliano announced the merger of ProCap BTC and Columbus Circle Capital I to form ProCap Financial, a public Bitcoin treasury firm. The new company has secured $500 million in equity and $250 million in convertible notes, backed by heavy hitters like Citadel, Jane Street, and Pantera.

Unlike traditional treasuries, ProCap plans to generate revenue via lending, derivatives, and other BTC-based services.

Why it matters: This move signals institutional confidence and marks the largest-ever public fundraising for a crypto treasury strategy.

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🌐 Texas Sets Aside $10 M for Official Bitcoin Reserve

Texas Governor Greg Abbott signed Senate Bill 21, authorizing a state-run Bitcoin reserve and allocating $10 million in public funds for BTC purchases. The fund operates independently of the general treasury and is managed by the Comptroller with crypto advisors guiding strategy.

With this decision, Texas further increases Bitcoin’s legitimacy as a reserve asset.

🔁 Bitcoin Rebounds to $104 K as Iran Misses

Bitcoin surged back above $104,000 after briefly dropping below $99,000 when Iran retaliated militarily by firing at a U.S. base in Qatar. Markets cheered when Iran’s attack proved largely symbolic with no major escalation.

Bitcoin’s swift recovery shows its strength and key technical levels near $107K resistance and $100K support are now back in play.

Stay epic,

Epic Crypto News Team

DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.