$BTC

Bitcoin Policy Shift

BlackRock plans to restart Bitcoin purchases in two weeks, with existing holdings valued at $51.9 billion, highlighting institutional confidence in crypto assets.

The Texas Strategic Bitcoin Reserves Bill SB 21 has been voted through by the Senate, legally securing Bitcoin's strategic reserve status in the state.

Trump signed an executive order to establish a strategic Bitcoin reserve, funded by Bitcoin acquired through criminal or civil asset forfeiture procedures, with the government not selling reserve Bitcoins. The Secretaries of the Treasury and Commerce are also authorized to formulate strategies to maintain budget neutrality to acquire more Bitcoins, which reduces selling pressure by approximately $18 billion.