ohio

The Ohio Teachers Retirement Fund in the United States disclosed an increase of 12,453 shares of Strategy stock, bringing its total holdings to 87,689 shares of Strategy, valued at approximately 11 million dollars.

The chairman of Bitcoin mining company Bitdeer (Nasdaq: BTDR), Wu Jihan, confirmed that a fire occurred today at the company's newly built mining site in Ohio. He stated that two of the 26 buildings collapsed, with no injuries reported; the senior management team has rushed to the scene and will conduct further investigations.In addition, BTDR closed at $15.02 yesterday, down 14.9%.

Bitdeer Chairman and CEO Wu Jihan confirmed on social media that the company's newly built mining facility in Massillon, Ohio, caught fire today. He stated that two of the 26 buildings collapsed, with no injuries reported; the senior management team has rushed to the scene and will conduct a further investigation into the matter.

ChainCatcher news, according to Decrypt, the Ohio State Depository Board has unanimously approved a vendor plan that will allow cryptocurrencies, including Bitcoin, to be used for state government fees and service payments.Secretary of State Frank LaRose stated that relevant departments handle hundreds of thousands of transactions each year and have received increasing demand for cryptocurrency payment options. This initiative is part of Ohio's push for digital asset legislation, including blockchain protection bills and Bitcoin reserve proposals.

ChainCatcher news, according to official documents, the U.S. Attorney's Office for the Northern District of Ohio has filed a civil forfeiture lawsuit regarding funds defrauded in a cryptocurrency investment scam. It is reported that an elderly male from Trumbull County and his sister lost over $1.6 million in total. The scam began in November 2024, when the victims received unsolicited text messages and established contact with the scammers on the Telegram platform, where they were subsequently induced to transfer funds to a fraudulent investment platform.Federal investigators tracked approximately $200,000 of the stolen funds through blockchain analysis and have frozen USDT tokens worth $325,060. The FBI's Cleveland division is actively investigating this case and related cryptocurrency fraud cases, and the U.S. government plans to return the recovered funds to the victims.

ChainCatcher news, according to Barron's, one of the largest public pension funds in the United States, the Ohio Public Employees Retirement System, disclosed in a filing with the U.S. Securities and Exchange Commission that it bought more shares of Strategy (formerly MicroStrategy) in the second quarter of this year.Data shows that the Ohio Public Employees Retirement System increased its holdings by purchasing 21,499 shares of Strategy, bringing the total number of shares held to 101,880 at the end of the second quarter. As the largest corporate holder of Bitcoin, Strategy has been selling preferred stock to raise more funds to purchase this cryptocurrency, with its stock price rising 40% in the first half of 2025 and 4.7% in the third quarter.It is reported that the Ohio Public Employees Retirement System has total assets of $155.6 billion, making it the 14th largest public fund in the United States.

ChainCatcher news, according to Cointelegraph, Ohio's "Bitcoin Rights" bill HB 116 passed the state House Technology and Innovation Committee with a vote of 13-0.The bill explicitly protects users' rights to self-custody of their crypto assets, ensures the legality of mining and operating nodes for individuals and businesses, and provides a $200 capital gains tax exemption for digital asset transactions. The bill aims to create a clearer and more friendly legal environment for the digital asset industry.

ChainCatcher news, Ohio gubernatorial candidate and entrepreneur Vivek Ramaswamy stated at the "Bitcoin For America" summit that the return on holding Bitcoin for over ten years has become the new high-risk benchmark yield. He believes the world is returning to an "era of capital scarcity," which contrasts with the massive money printing by the Federal Reserve over the past 15 years.Ramaswamy explained that institutional investors will once again need to consider the issue of "opportunity cost of capital" and establish benchmark yields for low-risk and high-risk investments. He pointed out that the benchmark for low-risk investments is the 10-year U.S. Treasury bond, while the benchmark for high-risk investments is the return on Bitcoin over a 10 to 15-year period."Bitcoin and what it represents, not only as a financial asset but also in fulfilling people's desire for symbols of American greatness," Ramaswamy stated, "is a more suitable asset for filling our national strategic reserves at the national level."

ChainCatcher news, Cointelegraph reported that the Ohio Bitcoin Strategic Reserve Bill has passed committee review, bringing it one step closer to approval.

ChainCatcher news, according to the latest legislative documents, the Ohio House of Representatives recently introduced Bill No. 116 (HB 116), known as the "Ohio Blockchain Basic Act." This bill was proposed by Representative Demetriou and aims to regulate digital asset mining, taxation, and the management of digital asset investments in the state retirement system.The core contents of the bill include: prohibiting any fees, taxes, or other charges on the use of digital assets for the payment of goods and services; protecting the rights to digital asset mining and custody; and studying the feasibility of state retirement funds investing in digital asset ETFs. The bill has entered the review stage of the regular session of the 136th General Assembly (2025-2026).

ChainCatcher news, according to Bitcoin Magazine, Ohio State Senator Sandra O'Brien has introduced a bill proposing the establishment of a Bitcoin reserve and requiring state entities to accept Bitcoin as a form of payment.

ChainCatcher news, Satoshi Action Fund co-founder and CEO Dennis Porter disclosed on the X platform: Ohio House Majority Whip Steve Demetriou, along with six other lawmakers, proposed a bill that allows the state to establish a "strategic Bitcoin reserve."The bill includes:Allowing the state government to allocate 10% of the general fund, budget stabilization fund, and prize trust fund for Bitcoin investments.Providing robust custodial solutions to ensure the state government uses self-custody or qualified custodians.Being technology-neutral by using the term "digital assets" to reduce political resistance and protect the purchasing power of state funds from inflation erosion.Only assets with a market capitalization of $750 billion that have sustained for an average of 12 months qualify for reserves, currently only Bitcoin meets this criterion.

ChainCatcher news, according to Politico citing informed sources, Vivek Ramaswamy will leave the U.S. Department of Efficiency to run for Governor of Ohio.

ChainCatcher news, according to The Block, U.S. Republican Vivek Ramaswamy plans to officially announce his candidacy for Governor of Ohio soon.It is reported that Vivek Ramaswamy co-led the U.S. Efficiency Department with Musk, served as a campaign surrogate for Donald Trump, and has been an active supporter of cryptocurrency.

ChainCatcher News, Ohio State Representative Derek Merrin has submitted Bill No. 703 (Ohio Bitcoin Reserve Act), proposing the establishment of a Bitcoin reserve fund in the state treasury and authorizing the state treasurer to invest in Bitcoin flexibly, but without a mandate.Merrin pointed out that the U.S. dollar is rapidly depreciating, and Bitcoin can serve as a tool to protect tax funds and enhance state finances. This legislation provides a framework for state governments to leverage Bitcoin technology to address economic challenges and promote innovation. Similar bills have been introduced in Texas and Pennsylvania, aiming to establish state-level Bitcoin reserves.

ChainCatcher news, according to FoxBusiness reporter Eleanor Terrett, crypto-friendly Republican businessman Bernie Moreno will defeat incumbent Democratic Senator Sherrod Brown in the Ohio Senate race, flipping the seat to Republican.The pro-cryptocurrency political action committee Defend American Jobs spent $40.1 million to support Bernie Moreno, and additionally, Moreno's campaign team received at least $54,600 in fundraising directly from the crypto industry.

ChainCatcher news, according to the Associated Press, Vice President Harris is expected to win New York State, while Trump is expected to win Ohio.

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on X that the super PAC supporting cryptocurrency has become the organization that has invested the most funds in the Ohio Senate campaign.The latest advertising spending has made "Defend American Jobs," funded by major crypto companies like Coinbase and Ripple, the largest spender in the state's Senate campaign to date.

ChainCatcher News: The newly established electronic fraud investigation unit of the Ohio Bureau of Criminal Investigation has recovered $130,000 from a cryptocurrency scam, marking its first victory. The unit was created to address the increasingly complex cyber financial crimes, particularly those involving cryptocurrency.