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Highlights
- MARA Holdings CEO Fred Thiel has shared that they are planning to support implementation of Strategic Bitcoin Reserve across 50 states.
- Eleven US states have introduced Strategic Bitcoin Reserve legislation.
- BTC price is up by 3.01% in the last 24 hours.
MARA Holdings CEO Fred Thiel has shared a plan to expand the adoption of Strategic Bitcoin Reserve across 50 states in the US. Another company executive Jayson Browder said that the MARA Holdings team will support Bitcoin-focused advocacy groups, further strengthening Fred’s plan.
Meanwhile, the BTC price has started recovering as evidenced by a surge of around 3% in its price.
MARA Holdings CEO Shares Plan For Strategic Bitcoin Reserve
MARA Holdings CEO Fred Thiel, in an X post, shares the firm’s plan for Strategic Bitcoin Reserve. The CEO said that they are now completely focusing on taking the Strategic Bitcoin Reserve (SBR) to all 50 states and the Federal Government.
Notably, the plan was shared in response to a statement by Jayson Browder, SVP of Government Affairs & Social Responsibility at MARA. Jayson said that SBR is a top priority for them, adding that MARA Holdings is engaging with the Trump Administration to take this forward.
Meanwhile, Browder also added that the company will continue to support Bitcoin-focused advocacy organizations. The CEO also supported this goal while emphasizing that they are working to expand the implementation of the Strategic Bitcoin Reserve.
Strategic Bitcoin Reserve Legislation Introduced
Amid the Mara Holdings CEO’s effort, another report by the Bitcoin Voter Project on X showed that eleven states in the US have introduced Strategic Bitcoin Legislation. This includes Florida, Alabama, Utah, Wyoming, and Massachusetts. It now remains to be seen which US state will introduce the SBR.
Meanwhile, Coinbase CEO Brian Armstrong has also backed the idea of having Bitcoin as a reserve. He interacted with the media and emphasized that any country that holds Gold should also hold Bitcoin as a reserve. Brian Armstrong is confident that the addition of the Bitcoin Strategic Reserve by the US will encourage more G20 nations to do the same.
Brian Armstrong is bullish on the future of crypto under the Trump Administration. He said during a panel discussion at Davos that the Trump effect is undeniable.
BTC Price Rally
Bullish sentiments are evident in the BTC price with an uptick of 3.01% in the last 24 hours. Bitcoin token is exchanging hands at $105,681.75 with a decline of 36.70% in its 24-hour trading volume. There is an increase of 3.90% in Bitcoin’s Open Interest as reported by Coinglass.
MARA Holdings CEO stating the plan to expand the implementation of the Strategic Bitcoin Reserve has instilled a sense of confidence within the crypto community. Also, the likes of Brian Armstrong are constantly coming out in support of having a Bitcoin-focused reserve in the US.
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