G’day Bitcoiners,

Welcome to this week’s edition of Bitcoin on Balance – and what a week it’s been for Bitcoin!

The big news?

Bitcoin’s price hit a new all time high of $93,445 USD on Wednesday

At the time of writing, Bitcoin was sitting at $88,000 USD, an increase of 15% in the past seven days

MicroStrategy strengthened its Bitcoin position adding 27,200 BTC worth $2 billion to its holdings.

• MicroStrategy now holds over 279,420 BTC, further solidifying its status as the largest corporate Bitcoin holder.

• This is the first purchase from MicroStrategy’s 21/21 plan which will total $42 billion additional Bitcoin purchases over the next three years.

• CEO Michael Saylor’s longer term plan is to become a ‘Bitcoin Bank’

The company’s plan rests on its belief that Bitcoin is the best deflationary currency. Currently, bitcoin represents just 0.1% of global financial capital. Saylor predicts this share will rise to 7% by 2045, meaning each bitcoin could be worth around $13 million

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But the momentum doesn’t stop there..

Genius Group (NYSEAMERICAN: GNS), a global education company from Singapore focused on entrepreneurship and financial literacy, commits to holding 90% of its reserves in Bitcoin as a strategic long-term asset.

• Genius Group’s treasury strategy shift aligns with a growing trend among companies seeking inflation-resistant assets.

• CEO Roger Hamilton highlights Bitcoin’s fixed supply and protection from currency devaluation as key factors behind this decision.

• As a company dedicated to education and financial empowerment, Genius Group sees Bitcoin as a secure and sustainable option for preserving treasury value.

Pennsylvania Exploring Bitcoin as a Strategic Reserve

Pennsylvania introduces a bill to establish a strategic Bitcoin reserve, positioning itself as a potential leader in state-level Bitcoin adoption.

• The bill, introduced by State Representative Chris Pielli, proposes using a portion of Pennsylvania’s $7 billion Rainy Day Fund to build a Bitcoin reserve.

• Proponents believe Bitcoin’s scarcity and inflation-resistant qualities could protect the state’s funds from currency devaluation.

• If passed, Pennsylvania would set a precedent for other states considering Bitcoin as part of their financial strategies.

^{Real Bedford Watch}

Real Bedford FC showcased their attacking power with two high-scoring victories, with the women defeating London Seaward 7-0 and the men winning their local derby against Biggleswade FC 6-2.

• In the match against London Seaward, Real Bedford displayed dominance, netting seven goals and securing a clean sheet.

• Against Biggleswade FC, Real Bedford won 6-2 in an exciting local derby, with their relentless offense leading the charge.

• The Men’s team remain clear on top of the ladder, while the women’s team are in second place

• Ex -Chelsea and Uruguay International, Gus Poyet and Mauricio Taricco, ex Spurs came down to Ledger Stadium to talk Bitcoin and watch the football.

Podcast of the week

Tweet of the Week

Thanks for reading and see you next week!

Daniel

for Bitcoin on Balance

www.bitcoinonbalance.com