The post MARA Holdings Unveils Strategic Bitcoin Reserve Plan for All 50 US States appeared first on Coinpedia Fintech News
Trump’s Bitcoin reserve plan is becoming extremely popular after it was officially supported and many major companies and big bulls are supporting the plan wholeheartedly. Following the growing popularity, Fred Thiel, CEO of Marathon Digital Holdings (MARA), revealed an ambitious plan to create a Strategic Bitcoin Reserve (SBR) in all 50 US states and the federal government.
This bold move aims to make Bitcoin a central part of the country’s financial policies, demonstrating MARA’s commitment to cryptocurrency.
The timing is also perfect since the Trump administration is considering creating a Bitcoin powerhouse in the United States. Eleven states, including Florida, Alabama, Wyoming, Utah, and Massachusetts, have already passed legislation to establish Bitcoin reserves.
Additionally, MARA is actively working with advocacy groups and policymakers to expand this initiative nationally. Jayson Browder, MARA’s senior vice president of government affairs, emphasized that SBR is their top priority and that the company is working with the Trump administration to advance the idea.
The growing role of Bitcoin in finance
MARA’s commitment to Bitcoin is not new. The company is one of the largest cryptocurrency holding companies, constantly 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 enterprise adoption. Tesla, Block Inc. (formerly Square) and Hut 8 Mining Corp. are also examples of companies integrating Bitcoin into their financial strategies.
Bitcoin Reserve has the support of figures such as Coinbase CEO Brian Armstrong, who advocates for Bitcoin as a reserve asset. Armstrong 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 United States’ adoption of Bitcoin as a reserve could prompt other G20 countries to follow suit.
The Bitcoin market reacts
This announcement once again sent the market lower. Bitcoin price increased by 3.01% in the last 24 hours and is now trading at $105,681.75. Open interest in Bitcoin also increased by 3.90%, indicating growing investor confidence.
Fred Thiel’s plan to expand Bitcoin’s strategic 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 United States and around the world. The move could mark a major turning point for Bitcoin, strengthening its role as a key asset in the modern financial system.
