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Michigan has officially declared May 13 as Digital Asset Awareness Day, just months after it had joined 30+ U.S. states in the Bitcoin reserve race. The Michigan House of Representatives has officially adopted House Resolution 100, declaring May 13 as Digital Asset Awareness Day across the state. “Designating a day to recognize and promote awareness of digital assets will encourage informed dialogue, responsible innovation, and collaborative efforts among stakeholders across the state,” the resolution states . The bipartisan resolution was sponsored by Representatives Jaime Greene and Joseph Fox. It encourages academic institutions, government bodies, and private sector companies to organize initiatives that “foster a deeper understanding of digital assets and their impact on our society and economy.” Michigan’s designation of Digital Asset Awareness Day comes on the heels of the state joining the growing list of U.S. states exploring Bitcoin-backed reserves. On Feb. 13, Representatives Bryan Posthumus and Ron Robinson introduced House Bill 4087, making Michigan the 20th state to consider legislation establishing a strategic crypto reserve. The proposed bill would authorize the state treasurer to invest up to 10% of both the general fund and the economic stabilization fund into digital assets. The legislation also allows for crypto lending, provided it does not increase the state’s financial exposure. While Michigan lays the groundwork, New Hampshire and Arizona have taken the lead in the Strategic Bitcoin Reserve race, with both enacting SBR laws in early May.

New Hampshire's SBR allows a Bitcoin holdings cap of 5% of the state's General Fund

New Hampshire's SBR allows a Bitcoin holdings cap of 5% of the state's total funds

New Hampshire Strategic Bitcoin Reserve allows BTC holdings to be capped at 5% of state funds The Governor of New Hampshire signed HB 302, a framework that adopts Satoshi Action's Strategic Bitcoin Reserve (SBR) model bill. HB 302: · Allows state treasury to purchase Bitcoin and top digital assets, authorizing reserves to purchase up to $500 billion in Bitcoin (full stop loss only). · Holding is capped at 5% of total state funds, ensuring that Bitcoin complements the state's broader investments. · Enforces U.S. regulatory custody, and assets must be held by state-controlled multi-signatures or through U.S. exchange-traded products to maximize security and transparency. · Takes effect 60 days after the effective date, providing a clear operating framework for reserves and stacks.

Bitcoin returns to $90,000 mark, and "digital gold" will usher in five major catalysts On Tuesday, Bitcoin hit $90,000 per coin, setting a new high since March 7, up 2.91% on the day. The following are the five key catalysts listed by Bernstein: 1. "Continued buying of Bitcoin, more resilient capital base" 2. "New purchase plan for Strategic Bitcoin Reserve (SBR)" 3. "Mainstream banks accept cryptocurrencies" 4. "Progress in stablecoin regulation" 5. "Promotion by asset management companies and brokers"