Michigan is taking bold steps in cryptocurrency policy with HB 4087, a proposal to create a Bitcoin reserve for the state. The bill allows cryptocurrency investments to stabilize finances during economic downturns, introducing secure storage and lending strategies for digital assets.
MicroStrategy leverages its business intelligence operations to generate cash flow for buying Bitcoin. By issuing stock or convertible notes, it increases shareholder value by acquiring more Bitcoin, trading at a premium to Bitcoin's spot price.
Michigan's Digital Asset Act (House Bill No. 6147) aims to clarify regulations for digital assets, protect mining activities, and oppose central bank digital currencies (CBDCs), positioning Michigan as a crypto-friendly state.