Trump's administration's initiative to create Bitcoin reserves has received strong support from major companies and investors, such as Marathon Digital Holdings.
Bitcoin as a Strategic Asset
Fred Thiel, CEO of Marathon Digital Holdings, announced plans to create Strategic Bitcoin Reserves across US states. This effort aims to integrate Bitcoin as a central piece of the country's financial policies. So far, 11 states, including Florida and Alabama, intend to establish such reserves.
MARA's Role in Promoting the Plan
MARA is actively collaborating with advocacy groups and policymakers to expand this initiative. Jayson Browder, MARA's Senior Vice President of Government Affairs, emphasized that this is their top priority. Cooperation with the Trump administration is expected to accelerate the implementation of Bitcoin reserve ideas.
Market Reaction to the Initiative
The announcement of the plan has led to a 3.01% rise in Bitcoin's price over the past 24 hours, reaching $105,681.75. MARA's marketing initiative inspired the crypto community, and the integration of Bitcoin into the US financial system could be a key step towards global acceptance of the cryptocurrency.
The Bitcoin Reserve Plan could be a crucial step in integrating it into the global financial system. This move supports the efforts of various companies seeking to incorporate Bitcoin into their financial strategies.
