$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 Reserve Act SB 21 has been passed by the Senate, providing legal protection for Bitcoin's strategic reserve status in the state.

Trump signed an executive order to establish a strategic Bitcoin reserve, funded by Bitcoin obtained through criminal or civil asset forfeiture procedures. The government will not sell reserve Bitcoins, and the Secretaries of Treasury and Commerce have been authorized to develop strategies to maintain budget neutrality in order to acquire more Bitcoins, reducing approximately $18 billion in sell-off pressure.