In a landmark move for cryptocurrency adoption, the state of Texas executed a $10 million Bitcoin purchase via BlackRock's IBIT ETF on November 20, 2025, establishing itself as the first US state to treat Bitcoin as a strategic treasury reserve asset. This initiative, under Texas's new Strategic Bitcoin Reserve, signals a shift in how governments perceive Bitcoin—from speculative asset to institutional-grade reserve.
Concurrently, public company Metaplanet leveraged its 30,823 BTC holdings, valued at over $2.7 billion, to secure a $130 million Bitcoin-backed loan, demonstrating corporate use of BTC as long-term collateral rather than a liquid trading asset. Metaplanet had previously announced a $500 million credit line in October 2025 to acquire more Bitcoin, aligning with strategies seen in firms like MicroStrategy, which holds 649,870 BTC worth over $74.4 billion.
These developments underscore Bitcoin's growing role in institutional finance but also highlight its limitations, such as low throughput of ~7 transactions per second, high fees during network congestion, and lack of native smart contracts. In response, Bitcoin Hyper ($HYPER) is gaining attention as a Bitcoin Layer-2 solution that integrates the Solana Virtual Machine (SVM), aiming to deliver sub-second finality, low fees, and a full DeFi ecosystem while settling on Bitcoin's secure base layer.
The project's presale has raised over $28.5 million, with tokens priced at $0.013335 and staking rewards offering 41% APY. Key features include a decentralized canonical bridge using Zero-Knowledge proofs for security, targeting a mainnet release between Q4 2025 and Q1 2026. On-chain data shows significant whale activity, with transactions exceeding $500,000, indicating strong investor confidence in Bitcoin Hyper's potential to unlock Bitcoin's utility in high-speed applications like swaps, lending, and gaming.
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