Trump’s Bitcoin Reserve Plan is getting immensely popular after he officially takes charge and many top companies and Big bulls are supporting the Plan wholeheartedly. Following the growing popularity, Fred Thiel, the CEO of Marathon Digital Holdings (MARA), has revealed an ambitious plan to create a Strategic Bitcoin Reserve (SBR) across all 50 U.S. states and the federal government.
This bold move aims to make Bitcoin a central part of the nation’s financial policies, showcasing MARA’s commitment to the cryptocurrency.
The timing is also perfect as the Trump administration is planning to create US a Bitcoin Powerhouse. Eleven states, including Florida, Alabama, Wyoming, Utah, and Massachusetts, have already introduced legislation to establish Bitcoin reserves.
Moreover, MARA is actively working with advocacy groups and policymakers to expand this initiative nationwide. Jayson Browder, MARA’s Senior Vice President of Government Affairs, emphasized that the SBR is their top priority, and the company is collaborating with the Trump administration to push the idea forward.
Bitcoin’s Growing Role in Finance
MARA’s dedication to Bitcoin isn’t new. The company is one of the largest corporate holders of cryptocurrency, consistently acquiring more Bitcoin to strengthen its position. This mirrors the strategy of other companies like MicroStrategy, which has raised billions of dollars to invest in Bitcoin, setting a precedent for corporate adoption. Tesla, Block Inc. (formerly Square), and Hut 8 Mining Corp. are also examples of firms integrating Bitcoin into their financial strategies.
Bitcoin Reserve is getting support from prominent figures like Coinbase CEO Brian Armstrong is advocating for Bitcoin as a reserve asset. Armstrong has argued that if countries hold gold as a financial safety net, they should consider Bitcoin for its potential to reshape global finance. He believes the U.S. adopting Bitcoin as a reserve could inspire other G20 nations to follow suit.
Bitcoin Market Reacts
The announcement has once again pumped the downmarket. Bitcoin’s price has risen by 3.01% in the past 24 hours, now trading at $105,681.75. Open Interest in Bitcoin has also increased by 3.90%, indicating growing confidence among investors.
Fred Thiel’s plan to expand the Strategic Bitcoin Reserve has energized the crypto community. By integrating Bitcoin into the financial framework of all 50 states, MARA Holdings aims to pave the way for broader acceptance and adoption of cryptocurrency, both in the U.S. and globally. This move could mark a major turning point for Bitcoin, solidifying its role as a key asset in the modern financial system.
