Bitcoin Reserves | ForkLog

ForkLog 38 20.12.2024

El Salvador Expands Bitcoin Purchases Despite IMF Deal

The head of El Salvador’s National Bitcoin Office, Stacy Herbert, stated that the country will continue to purchase the leading cryptocurrency, potentially at an “accelerated pace.” ??EL SALVADOR SECURES $3.5 FUNDING DEAL ➡️Bitcoin remains legal tender➡️El Salvador will continue buying bitcoin (at possibly an accelerated pace) for its Strategic Bitcoin Reserve➡️Bitcoin capital markets will continue […]

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ForkLog 8 19.12.2024

MARA Expands Bitcoin Reserves to $4.45 Billion, Hut 8 Reaches $1 Billion

The mining company MARA Holdings has acquired an additional 15,574 BTC for a total of $1.53 billion at an average price of approximately $98,529 per coin. MARA raised $1.925 billion from 0% convertible notes in November and December. Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 15,574 BTC for ~$1.53 billion […]

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ForkLog 16 19.12.2024

Fed Chair Dismisses Idea of US Bitcoin Reserve

Jerome Powell, Chairman of the Federal Reserve, indicated that the institution is not interested in establishing a national bitcoin reserve. Following the statement, the cryptocurrency’s price barely held the $100,000 level. On December 18, the Federal Reserve announced a reduction in the key interest rate by 25 basis points, bringing it to 4.25-4.5% per annum. […]

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ForkLog 9 18.12.2024

Ohio Proposes Bitcoin Reserve Legislation

On December 17, a bill titled HB 703 was introduced to the Ohio House of Representatives, aiming to establish a Bitcoin reserve. The proposal was announced by its author, Republican Derek Merrin. ?Today, I filed HB 703 to create the Ohio Bitcoin Reserve within the state treasury! Provides state treasurer authority & flexibility to invest […]

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ForkLog 50 17.12.2024

European Parliament Member Advocates for Bitcoin Reserve

Sarah Knafo, representing the Reconquista party in the European Parliament, has called for the establishment of a strategic Bitcoin reserve, opposing the digital euro. BREAKING: ?? European MP gives pro-#Bitcoin speech in the European Parliament calling for a “Strategic Bitcoin Reserve”. ❌NO to the digital euro ✅ YES to a strategic reserve of BITCOIN ? […]

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ForkLog 24 17.12.2024

Michael Saylor Advocates for Continued Bitcoin Investment, Urges US to Follow Suit

Michael Saylor, CEO of MicroStrategy, stated that the company will “continue to buy at the highs indefinitely.” He likened investing in Bitcoin to acquiring land in Manhattan, where real estate prices have been rising for the past 300 years. “We see it as a ‘digital Manhattan.’ I would have bought Manhattan 100 years ago, 200 […]

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ForkLog 49 16.12.2024

Trump Considers $200 Billion Fund for Bitcoin Acquisition

U.S. President-elect Donald Trump is contemplating an executive order to establish a Strategic Bitcoin Reserve (SBR), according to Dennis Porter, CEO of Satoshi Action Fund. I can confirm that Trump is exploring an Executive Order creating a ‘Strategic Bitcoin Reserve.’ The Treasury, through the Exchange Stabilization Fund, has the authority to stabilize the dollar by […]

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ForkLog 32 13.12.2024

Texas Proposes Bitcoin Reserve, Sparking Interest in Other States

On December 12, a bill was introduced to the Texas House of Representatives proposing the creation of a strategic bitcoin reserve under the state government. Other American states are developing their own versions. #txlege #letsgo https://t.co/aupHskf1Qr — Giovanni Capriglione (@VoteGiovanni) December 13, 2024 “Arguably, the biggest enemy of our investments is inflation. A strategic bitcoin […]

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ForkLog 19 09.12.2024

CZ Envisions Bitcoin as Future Currency at Abu Dhabi Conference

A Bitcoin reserve is one of the most effective solutions for a state concerned about its finances, according to Binance founder Changpeng Zhao (CZ) at the Bitcoin MENA 2024 conference. 20–30 Years to Mass Adoption CZ noted that people still view Bitcoin as an investment asset, focusing heavily on its price. In the next 10–15 […]

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ForkLog 42 09.12.2024

Russian Finance Ministry Urged to Establish Bitcoin Reserve

Anton Tkachev, a State Duma deputy from the New People faction, has approached Russian Finance Minister Anton Siluanov with a proposal to establish a strategic bitcoin reserve, according to a document cited by TASS. Tkachev argues that traditional currency reserves, including yuan, US dollars, and euros, are subject to volatility, sanctions, and inflation, posing a […]

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ForkLog 13 09.12.2024

Bitcoin Reserves as a Geopolitical Tool for the US

The pioneering status in establishing a strategic bitcoin reserve could yield significant benefits for the United States. This was articulated by Sam Lyman, Director of Government Relations at Riot Platforms, in a Forbes column. “The United States stands to gain much by being a pioneer. As with any new technology, the greatest benefits accrue to […]

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ForkLog 30 27.11.2024

Brazilian Lawmaker Proposes National Bitcoin Reserve

Brazilian congressman Eros Biondini has introduced a bill aiming to establish a national strategic bitcoin reserve, known as the Reserva Estratégica Soberana de Bitcoins (RESBit). The proposal suggests converting up to 5% of the country’s international reserves into the leading cryptocurrency. These reserves reached $372 billion as of September 2024. The authors believe such a […]

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