trey on Nostr: So, bitcoin price doesn’t really care right now. Why? “New Hampshire’s total ...
So, bitcoin price doesn’t really care right now. Why?
“New Hampshire’s total state budget for FY 2025 is estimated at around $7.5 billion, with a treasury investment portfolio of approximately $750 million. Under the new law, the state could realistically invest between $7.5 million and $37.5 million in Bitcoin, with a moderate estimate of $15 million (about 158 BTC at current prices). This allocation would depend on how much the state prioritizes Bitcoin over stablecoins and precious metals, as well as its overall risk tolerance and competing budget prioritiess” -grok
NH is small fish, with Saylor conservatively buying at minimum several hundred million per week
Published at
2025-05-06 16:24:18Event JSON
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"content": "So, bitcoin price doesn’t really care right now. Why?\n\n“New Hampshire’s total state budget for FY 2025 is estimated at around $7.5 billion, with a treasury investment portfolio of approximately $750 million. Under the new law, the state could realistically invest between $7.5 million and $37.5 million in Bitcoin, with a moderate estimate of $15 million (about 158 BTC at current prices). This allocation would depend on how much the state prioritizes Bitcoin over stablecoins and precious metals, as well as its overall risk tolerance and competing budget prioritiess” -grok\n\nNH is small fish, with Saylor conservatively buying at minimum several hundred million per week",
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