$BTC As of March 9, 2025, Bitcoin's price has been fluctuating between $80,000 and $90,000, influenced by recent developments in the United States. citeturn0news19
**U.S. Government's Strategic Bitcoin Reserve**
President Donald Trump signed an executive order to establish a "Strategic Bitcoin Reserve" and a "Digital Asset Stockpile." This initiative aims to prevent potential losses from premature sales of government-held bitcoins by storing them securely in a "digital Fort Knox." The reserve will include approximately 200,000 bitcoins, currently valued at over $17 billion, which were obtained through government actions against criminal networks. citeturn0news23 The administration also plans to develop strategies to accumulate more bitcoin for the reserve while remaining budget neutral. citeturn0news18
**White House Digital Asset Summit**
The first-ever Digital Asset Summit was held at the White House, attended by various crypto industry leaders. President Trump expressed his commitment to making the U.S. a leader in the cryptocurrency industry. Industry leaders praised Trump for reversing what they perceived as unfair treatment by the previous administration. citeturn0news24 The summit concluded with a significant policy change: the Office of the Comptroller of the Currency removed the requirement for banks to seek permission for engaging in common crypto activities, marking an end to "Operation Chokepoint 2.0." citeturn0news19
**Activist Investors Advocate Bitcoin Adoption**
Activist investors are encouraging struggling companies to adopt Bitcoin on their balance sheets to improve revenue and potentially transform their businesses. For instance, Strive Asset Management CEO Matt Cole recently urged GameStop to invest in Bitcoin, arguing that companies with cash should buy Bitcoin unless other uses can outperform it. Over 80 public companies, including Tesla and Reddit, have already accumulated Bitcoin.
