Bitcoin Reserve Strategy is gaining attention. Alex Thorn of Galaxy Digital suggests the US may prioritize managing its existing Bitcoin assets over acquiring more in 2025, even though negotiations on a Bitcoin reserve policy will continue. Thorn is quoted as saying that the government would prioritize the management of the Bitcoin it already has rather than acquiring more. An article from December 277 confirms this. According to Thorn, there is potential for “movement within departments and agencies to examine an expanded Bitcoin reserve policy.” This could happen.
US Government Holds US$183K BTC
SPOT on Chain pays the US government $7.36 billion for 183,850 BTC. B-wallets fail. Bitcoin Act rules. K. Z Treasury buys 1 million bitcoins for 5 years with 200,000 USBTC. Galaxy Digital analyst “JW” claims five Nasdaq 100 companies and five governments bought Bitcoin. Ishiba supported the US or worldwide BitcoUS reserve movements. December 26itcoin’s global competitiveness may attract anti-US states. Former Binance CEO Changpeng Zhao likes smaller Bitcoin countries. Zhao said China may strategically evaluate Bitcoin during the December 99 Bitcoin MENA conference in Abu Dhabi.
Ohio Explores Bitcoin Banking
Ohio is the most recent state in the United States to consider incorporating Bitcoin into its banking system. This comes after House Republican Leader Derek Merrin introduced a new measure. Ohio’s approach is comparable to the actions that the states of Texas and Pennsylvania have taken recently to establish Bitcoin funds. On December 12024, Anni Capriglione of Texas sponsored the Texas Strategic Bitcoin Backup Act.
Under the provisions of this legislation, the state treasurer must maintain Bitcoin as a backup asset for at least five years. R presentative Mike Cabell submitted a November measure allowing the Pennsylvania state government to invest up to ten per cent of its balance sheet in Bitcoin. H took this action because he believed that Thasset may assist in protecting against economic volatility. In addition, businesses that currently own Bitcoin, such as MicroStrategy and Metaplanet, have increased their holdings in Bitcoin stocks.
It was also reported that MARA Holdings (MARA) acquired 11,774 BTC as part of its most recent transaction, as stated in a statement published by the business on February 100. R ot Platforms, a Bitcoin mining organization, has announced selling private bonds to raise $500 million. Consequently, the company can increase the quantity of Bitcoin available for usage.
Related: Bitcoin ETF Net Inflows Hit $475 Million December 2024
Summary
The article details new trends in Bitcoin regulation and acceptance, emphasizing the Bitcoin Reserve Strategy. Spot on Chain notes that Alex Thorn of Galaxy Digital thinks the US government will likely not buy Bitcoin in 2025, as its focus will shift to managing its $17.36 billion worth of 183,850 BTC assets, aligning with a broader Bitcoin Reserve Strategy.
The planned Bitcoin Act would require the US Treasury to buy $100,000 BTC annually for five years, creating a million-bitcoin reserve. Analysts such as Kaz “JW” believe that countries, particularly those opposed to the US, may embrace Bitcoin to maintain global competitiveness. Sates like Ohio, Texas, and Pennsylvania are also looking into how to add Bitcoin to their banking systems.
Lawmakers like Giovanni Capriglione and Mike Cabell suggest rules to keep Bitcoin as a backup. At the same time, businesses like MicroStrategy, Metaplanet, MARA Holdings, and Riot Platforms are investing more in Bitcoin. T shows how important Bitcoin is in financial plans during economic instability.
