Coin Stories News Block: Deficit Debate Erupts as Musk & Trump Clash, Latest Corporate Bitcoin Buys, Major Bank Recognizes BTC for Collateral
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Jun 9, 2025 Elon Musk and Donald Trump clash over a hefty spending bill, stirring concerns among Bitcoin supporters. Meanwhile, companies like Semler Scientific and Metaplanet are making big moves, adding millions in BTC to their treasuries. The UK is poised to lift its Bitcoin ETF ban, and South Korea's president shows support for Bitcoin. JPMorgan is also changing the game by allowing Bitcoin ETFs as collateral for loans, showcasing a significant shift in financial products linked to cryptocurrency.
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Unstoppable Government Deficits
- Government spending deficits are growing uncontrollably, and efforts to limit them have so far failed.
- Currency debasement continues, making hard assets like Bitcoin important financial signals.
Corporate Bitcoin Accumulation Surges
- Semler Scientific and MetaPlanet are aggressively increasing their Bitcoin holdings, with MetaPlanet planning to acquire 210,000 BTC by 2027.
- Strategy bought over 1,000 Bitcoin funded by preferred stock without diluting common shares.
Bitcoin-Backed Credit Market Emerges
- Strategy Financial is creating a Bitcoin-backed credit market with tiered preferred stock offerings paying fixed dividends.
- Their massive Bitcoin treasury provides strong collateral, attracting fixed income investors seeking secured yields.