Kazakhstan's National Bank has carved out a portfolio of up to $350 million from its gold and foreign exchange reserves - now totaling $69.4 billion - for investment in cryptocurrency-linked instruments.

In mid-2025, TMTG deployed roughly $2 billion to build what it called a "Bitcoin Treasury," acquiring approximately 11,500 BTC at an average price somewhere between $115,000 and $118,000 per coin.

Vancouver's experiment with a municipal Bitcoin reserve is effectively over before it began.

Morgan Stanley submitted an amended S-1 filing on March 4, 2026 for the Morgan Stanley Bitcoin Trust - making it the first major U.S. bank to pursue a proprietary, branded spot Bitcoin ETF.

Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom, issued a blunt warning on March 5: Bitcoin has not broken free from the gravitational pull of US software stocks, and the recent bounce toward $74,000 may not be the turning point bulls are hoping for.

The Trump-affiliated mining company is pushing deeper into pure-play Bitcoin mining at a moment when its stock has shed nearly 90% of its value and competitors are quietly pivoting away from the sector.