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Fred Thiel, the CEO of MARA Holdings, has unveiled plans to expand the Strategic Bitcoin 
$104,270 Reserve throughout all 50 states in the U.S. This initiative aims to legitimize Bitcoin as an official reserve asset, potentially altering the landscape of financial reserves in the country.
Details of the Plan
Thiel emphasized the company’s focus on implementing the Strategic Bitcoin Reserve at the federal level. He stated that this initiative is designed to enhance economic stability across the United States.
Company Support
Board member Jayson Browder noted that the MARA Holdings team will support Bitcoin-focused advocacy groups. This backing is expected to strengthen the strategy’s implementation.
“The Strategic Bitcoin Reserve is among our priorities, and we are collaborating with the Trump Administration,”
Browder also mentioned that MARA Holdings would continue its support for organizations advocating for Bitcoin. This support is instrumental in broadening the efforts toward implementing the Strategic Bitcoin Reserve.
Legislative Developments
According to a report by the Bitcoin Voter Project, eleven states in the U.S. have introduced Strategic Bitcoin legislation. States like Florida, Alabama, Utah, Wyoming, and Massachusetts are included in this initiative.
Brian Armstrong, CEO of Coinbase, voiced his support for using Bitcoin as a reserve. He stressed that Bitcoin should be viewed as a reserve asset, akin to gold.
BTC Price Movements
In the past 24 hours, Bitcoin’s price has seen an increase of approximately 3%. Currently, BTC is trading at $105,681.75, with a notable trading volume decrease of 36.70%.
“The addition of the Strategic Bitcoin Reserve by the U.S. will encourage more G20 countries to adopt it,” said Armstrong.
Thiel’s plan to expand the Strategic Bitcoin Reserve has bolstered confidence within the crypto community. Support from figures like Brian Armstrong contributes positively to the ongoing process.
Current Status and Expectations
The applications of the Strategic Bitcoin Reserve and legislative advancements could strengthen Bitcoin’s role in the financial system. These developments signal a transformation in the U.S. approach to cryptocurrency policies.
