Fred Thiel, CEO of MARA Holdings, announced plans to expand the Strategic Bitcoin Reserve across all 50 states in the U.S., aiming to legitimize Bitcoin as an official reserve asset.
Details of the Plan
Thiel emphasized the company’s focus on implementing the Strategic Bitcoin Reserve at the federal level, aimed at enhancing economic stability across the United States.
Company Support
Board member Jayson Browder noted that the MARA Holdings team will support Bitcoin-focused advocacy groups. This backing is expected to strengthen the strategy’s implementation.
Legislative Developments
According to a report by the Bitcoin Voter Project, eleven states in the U.S. have introduced Strategic Bitcoin legislation. States like Florida, Alabama, Utah, Wyoming, and Massachusetts are included in this initiative.
The plans to expand the Strategic Bitcoin Reserve bolster confidence within the crypto community. Support from figures like Brian Armstrong contributes positively to the ongoing process.
