US Bitcoin Reserve Initiative has been accelerated in recent days as Senator Cynthia Lummis reintroducing legislation for a strategic citizen Bitcoin reserve, while the Japanese company The meta plane continues to expand their bitcoin holding with new acquisitions. This development is currently highlighting the growing institutional confidence in Bitcoin in financial sectors.
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Senator Lummis revives strategically Bitcoin Reserve suggestions
Senator Lummis said:
“The Bitcoin Act is the solution to our national guilt and the future of American prosperity.”
At the time of writing, the proposal has gathered great support from key republicans, in line with President Trump’s executive order for a national BTC reserve in several state departments.
The Bitcoin Act is the solution to our national debt and the future of American prosperity.https://t.co/lfa4xr2g8h
– Senator Cynthia Lummis (@senlummis) March 11, 2025
Trump’s executive order establishes the Government Bitcoin stock
President Trump’s order has set up specific protocols where US Bitcoin reserve will use Bitcoin already owned by the federal government through loss procedures.
“The reserve will be used with Bitcoin owned by the federal government, which was forfeited as part of the criminal or civilian procedure. This means that it will not cost the taxpayers a penny. “
Just minutes ago, President Trump signed an executive order to establish a strategic Bitcoin reserve.
The reserve will be exploited with Bitcoin owned by the federal government, which was forfeited as part of the criminal or civilian procedures. That means that …
– David Sacks (@Davidsacks47) March 7, 2025
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The meta plane expands Bitcoin Treasury Operations
The Meta plane has designed an aggressive bitcoin acquisition strategy and has recently bought another 162 BTC at an average price of 12,393,669 yen per coin. This gives their total number of bitcoins to 3,050 BTC, valued at approximately $ 899 million. The company has also set some ambitious goals to expand its Bitcoin holdings and aims to collect 10,000 Bitcoin at the end of 2025.
Metap plane CEO Simon Gerovich expressed:
“Most people, I think, are a bit lazy, they are short -term focused. They want to buy something that can immediately go up 100x, which is why everyone is looking for the next shiny coins. What is the next bitcoin? There is no next bitcoin … Every time I think of bitcoin I get really nervous that we end up on time. “
*Meta plane buys an additional 162 $ BTC* pic.twitter.com/eskiyierok
– Meta plane Inc. (@metaPlanet_jp) March 12, 2025
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Market effects and future prospects for us Bitcoin Reserve
These institutional movements against establishing Bitcoin reserves have catalyzed significant market movements and contributed to BTC’s recent price increase from $ 79,000 to $ 83,000, after Michael Saylor’s tweet:
“Big things come.”
₿ig things come.
– Michael Saylor⚡ (@Saylor) March 11, 2025
The development of US BTC warehouses and other companies Bitcoin acquisitions is also expected to affect the market term in several important trade environments. The US Bitcoin Reserve proposal is an important change in the government’s approach to Cryptocurrency, which can also reshape many financial frameworks while raising concerns about market volatility.
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