A U.S. pension fund just tripled its Bitcoin exposure, signaling a new wave of institutional adoption. The State of Michigan Retirement System purchased $11 million worth of the ARKB spot Bitcoin ETF, making it one of the first public pension funds in the nation to allocate to BTC. This move is significant because it shows Bitcoin is becoming a normal part of traditional retirement portfolios and could signal a shift in how regulators view the asset.
In other news, analysts report that over-the-counter (OTC) desks are running low on Bitcoin supply. As large institutions like the Michigan pension fund quietly buy up available coins, a potential "demand shock" could be brewing, which could lead to a major price breakout.
Finally, we look at how Bitcoin mining firms are cashing in on the AI gold rush. Several major miners are now leasing their data centers to AI companies, creating a stable, high-margin revenue stream that diversifies their business and could keep them profitable even in a bear market.
Timestamp Quick Links:
0:00 - Intro
0:15 - Michigan Pension Fund Makes $11M Bitcoin Bet
1:11 - OTC Desks Running Low on Bitcoin
1:53 - Bitcoin Miners Cashing in on AI
2:29 - Outro & Find More
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