MARA Holdings CEO Fred Thiel, Strategic Bitcoin $102,590.7 He shared his plan to expand his reserve to all 50 states of the USA. This initiative aims to use Bitcoin as an official reserve.
Details of the Plan
Fred Thiel stated that the firm is focused on implementing the Strategic Bitcoin Reserve at the federal level. Thiel stated that this plan aims to increase economic stability throughout the United States.
Company Supports
Jayson Browder, a member of the firm’s board of directors, said the MARA Holdings team will support Bitcoin-focused advocacy groups. This support is aimed at strengthening the success of the strategy.
“The Strategic Bitcoin Reserve is among our priorities and we are moving forward in cooperation with the Trump Administration.”
Browder also stated that MARA Holdings will continue to support Bitcoin-focused advocacy organizations. This support supports efforts to expand the implementation of the Strategic Bitcoin Reserve.
Legislative Developments
According to a report by the Bitcoin Voter Project, eleven states in the US have introduced Strategic Bitcoin Regulations. States such as Florida, Alabama, Utah, Wyoming and Massachusetts are included in this scope.
Coinbase CEO Brian Armstrong also supported the use of Bitcoin as a reserve. Armstrong emphasized that Bitcoin should be viewed as a reserve asset like gold.
BTC Price Movements
An increase of approximately 3% has been observed in the price of Bitcoin in the last 24 hours. BTC is currently trading at $105,681.75, marking a 36.70% drop in trading volume.
“The addition of the Strategic Bitcoin Reserve by the United States will encourage more G20 countries to adopt it,” Armstrong said.
MARA Holdings CEO’s plan to expand the Strategic Bitcoin Reserve has built confidence in the crypto community. The support of people like Brian Armstrong contributes to the progress of the process.
Latest Situation and Expectations
Strategic Bitcoin Reserve applications and regulatory developments can strengthen Bitcoin’s place in the financial system. These developments point to the transformation of the US’s cryptocurrency policies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
