- PSG and GameStop join the list of institutions adding Bitcoin to their balance sheets.
- Square will enable U.S. Bitcoin payments via Lightning Network by 2026.
- Pakistan and the UK signal diverging national crypto policies as Ledn and HRF expand Bitcoin use cases.
Paris Saint-Germain (PSG) became the first major sports club to add Bitcoin to its corporate treasury. The announcement came during Bitcoin Conference 2025. The club did not disclose the amount, but insiders confirmed the purchase was completed earlier in May.
Jack Dorsey’s Block Inc. will launch Bitcoin payments on Square in the second half of 2025. The rollout will reach all eligible U.S. sellers by 2026. The service will use the Lightning Network. Merchants can accept Bitcoin via QR code and choose to hold it or convert it to fiat. Square first introduced Bitcoin Conversions in 2024. The feature was demoed live at the BTC Inc. merchandise booth during the conference.
Meanwhile, GameStop disclosed a 4,710 BTC purchase worth $513 million. The announcement came on May 28 through a press release and SEC filing. The company funded the purchase with $1.3 billion raised via convertible notes. GameStop’s stock dropped nearly 11% after the news.
Pakistan announced plans for a Strategic Bitcoin Reserve. Minister Bilal Bin Saqib said the BTC would be held long-term and never sold. The country allocated 2,000 megawatts of surplus electricity for mining. Despite the announcement, officials from the State Bank and Ministry of Finance restated that crypto remains banned. The conflicting signals raised legal uncertainty at home.
Nigel Farage proposed a UK national Bitcoin reserve at the same event. He called for reducing crypto capital gains tax to 10% and introducing legal protections for crypto users. Reform UK began accepting crypto donations. The Treasury rejected the plan and said it had no intention of creating a Bitcoin reserve.
Ledn will shift to a Bitcoin-only loan platform starting July 1, 2025. Ethereum support and yield products will be discontinued. Client collateral will stay fully custodied and won’t be lent out. CEO Adam Reeds said 99% of user activity is already Bitcoin-based.
Moreove.r the Human Rights Foundation awarded 8 BTC to 22 projects. Grants supported privacy tools, education, and Bitcoin access across Africa, Asia, and Latin America. HRF launched its Bitcoin Development Fund in 2020 and has distributed over $7.8 million across 284 initiatives.The Africa Bitcoin Institute launched a think tank focused on policy and research. The group will provide regional insights and frameworks to support Bitcoin adoption in African economies.
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