🎬 IATSE Local 728 Becomes First Private-Sector Union to Invest in Bitcoin

The Bitcoin revolution is making its way into the labour movement. IATSE Local 728, a union representing 3,000 entertainment industry workers, has become the first private-sector labour union in the U.S. to invest in Bitcoin and hold it in self-custody. This historic move could set the stage for other unions to rethink their approach to financial security and economic sovereignty.

💡 Why This Move Matters

For decades, unions have fought to secure fair wages, pensions, and benefits for their members. But in an economic landscape where inflation eats away at purchasing power and government-issued currencies are constantly debased, unions need a new approach to long-term financial stability.

By adding Bitcoin to its balance sheet, IATSE Local 728 is making a bold statement: it’s not just about fighting for better contracts today—it’s about protecting the financial future of its members.

“Today, we make history as the first private-sector labor union in the country to put Bitcoin on our balance sheet and hold it in self-custody,” the union announced.

📢 Bitcoin: A Tool for Labour Empowerment

IATSE Local 728 has long championed service, strength, and solidarity in the entertainment industry. Now, it’s applying those same principles to monetary resilience.

A major reason for their Bitcoin investment? Hedging against inflation and financial instability. As union leadership put it:

“Bitcoin isn’t just an asset; it’s the most secure, decentralized financial network in the world, immune to manipulation and inflation. While governments print money and financial institutions strip workers of their wages, we are taking control. This isn’t a gamble. It’s a strategy. We are learning, building, and leading.”

Bitcoin’s fixed supply of 21 million coins makes it a true store of value, unlike fiat currencies, which can be printed in unlimited amounts. For unions managing pension funds and treasury assets, Bitcoin represents a long-term safeguard against economic uncertainty.

🚀 Breaking Free from a Rigged System

IATSE Local 728 sees this move as more than just an investment - it’s a shift toward economic independence.

“For too long, unions have played defense in a system rigged against workers. That ends now. With Bitcoin, we aren’t just negotiating contracts—we are securing economic freedom. We are setting the standard. We are taking action.”

This investment was overwhelmingly approved by IATSE members and was executed with the support of Proof of Workforce, a nonprofit focused on helping unions integrate Bitcoin through education-based initiatives.

🔍 What’s Next?

IATSE Local 728 isn’t stopping at just holding Bitcoin. The union is establishing a standing committee to explore additional ways that Bitcoin can enhance the long-term financial security of its members and their families. This includes:

🔹 Developing educational programs on Bitcoin and financial literacy 📚
🔹 Exploring Bitcoin payroll options for union members 💸
🔹 Integrating Bitcoin into pension strategies for long-term stability 🔄

📢 A Model for Other Unions?

IATSE Local 728’s decision could inspire other labour unions across the U.S. to consider Bitcoin as a treasury asset. As inflation continues to erode purchasing power, more organizations will start looking for alternatives to fiat-based reserves.

Could we see Bitcoin adoption spreading across the labor movement? It’s no longer a question of if—but when.

As the union puts it: “Lights, Camera, Bitcoin!” 🎬✨

Stay tuned as we track how Bitcoin is reshaping labor unions, corporate treasuries, and financial strategies worldwide.