The post Bitcoin Reserves in 50 States Soon? MARA’s Plan Gains Momentum with Trump’s Support appeared first on Coinpedia Fintech News
Former President Trump’s Bitcoin Reserve Plan is rapidly gaining support, with major companies and influential figures backing the idea as he takes office. One of the most prominent supporters is Fred Thiel, CEO of Marathon Digital Holdings (MARA), who has outlined a bold plan to establish a Strategic Bitcoin Reserve (SBR) across all 50 U.S. states and at the federal level.
This could signal massive change. Here are the details.
MARA’s Vision for Bitcoin
Thiel’s plan is to make Bitcoin a central part of U.S. financial policies, showcasing MARA’s commitment to the cryptocurrency. This move could represent a major shift in how Bitcoin is viewed within the U.S. economy.
The timing is critical, as the Trump administration is aiming to turn the U.S. into a leading force for Bitcoin. Already, 11 states, including Florida, Alabama, Wyoming, Utah, and Massachusetts, have introduced laws to create their own Bitcoin reserves.
A Nationwide Movement
MARA is actively working to make the Bitcoin Reserve a reality. The company is collaborating with policymakers and advocacy groups to push this initiative nationwide. Jayson Browder, MARA’s Senior Vice President of Government Affairs, emphasized that the SBR is their top priority, and the company is working closely with the Trump administration to help make it happen.
The Bitcoin Reserve plan is getting support from notable figures such as Coinbase CEO Brian Armstrong, who sees Bitcoin as a potential reserve asset. Armstrong argues that if countries hold gold for financial stability, they should consider Bitcoin for its ability to reshape global finance. He believes that the U.S. adopting Bitcoin as a reserve could encourage other G20 countries to follow suit.
MARA Stays Committed
MARA’s focus on Bitcoin is not new. The company is one of the largest corporate holders of the cryptocurrency and continues to buy more to strengthen its position. This approach mirrors the strategy of other companies like MicroStrategy, which has invested billions in Bitcoin. Firms like Tesla, Block Inc., and Hut 8 Mining Corp. have also embraced Bitcoin as part of their financial strategies.
Bitcoin Market Reacts
The announcement has already impacted the market. Bitcoin’s price rose by 3.01% in the last 24 hours and is now trading at $105,681.75. At the same time, open interest in Bitcoin has increased by 3.90%, showing growing confidence among investors.
Fred Thiel’s plan to expand the Strategic Bitcoin Reserve has excited the crypto community. If successful, integrating Bitcoin into the financial framework of all 50 states could pave the way for broader adoption both in the U.S. and around the world.