Bitcoin’s Biggest Bulls Put in Charge of Upcoming US Sovereign Wealth Fund
Bitcoin’s role in the global financial system could be poised for a seismic shift as President Donald Trump signs an executive order to establish a U.S. sovereign wealth fund (SWF). The move fuels speculation that Bitcoin may be included in the nation’s financial reserves for the first time, given that the two key figures appointed to lead the initiative—Commerce Secretary nominee Howard Lutnick and Treasury Secretary Scott Bessant—are among the most openly pro-Bitcoin officials in the administration.
Bitdeer Expands Bitcoin Holdings with 50 BTC Purchase, Reaching 787 BTC
The Bitcoin mining giant Bitdeer has once again made waves in the industry, announcing an increase of 50 BTC to its holdings today. The latest purchase, valued at approximately $4.74 million USD, brings Bitdeer’s total Bitcoin reserves to 787 BTC as of February 3, 2025.
Tesla Reports $600M Bitcoin Gain in Q4 Using New Accounting Rule
In a landmark move that highlights the growing intersection of Bitcoin and traditional finance, Tesla has reported a $600 million net gain on its Bitcoin holdings for the fourth quarter of 2024. This significant boost was made possible by a new accounting rule that allows companies to reflect the market value of their Bitcoin assets on their balance sheets.
🚀 Trump Signs Executive Order to Strengthen U.S. Leadership in Digital Assets!
Bitcoin has just taken center stage in U.S. financial policy. President Trump has signed a groundbreaking executive order aimed at strengthening American leadership in digital assets, blockchain technology, and financial innovation. 🇺🇸💰
US Bitcoin Reserve: Eric Trump’s Deleted Tweet Sparks Speculation
As Bitcoin flirts with its previous all-time highs, a meeting between US Senator Cynthia Lummis and Eric Trump has ignited fresh discussions about the creation of an American Strategic Bitcoin Reserve (SBR). The meeting, held at the Capitol, was initially highlighted in a now-deleted tweet from Eric Trump, raising questions about potential high-level strategy shifts regarding Bitcoin adoption.
Matador Technologies Strengthens Bitcoin Holdings with Strategic Acquisition
Matador Technologies Inc. (TSXV: MATA) has announced the successful acquisition of 29 bitcoins for CAD$4.5 million in cash, at an average price of USD$96,341 per bitcoin, inclusive of fees and expenses. This move is part of Matador’s broader strategy to integrate Bitcoin into its treasury and support its upcoming digital gold platform.
Ming Shing Group Makes a $47 Million Power Move Into Bitcoin
In an exciting development for Bitcoin adoption, Ming Shing Group Holdings Limited (NASDAQ: MSW), a Hong Kong-based construction company specializing in wet trades works, has entered the Bitcoin space with a $47 million investment. The company’s newly established subsidiary, Lead Benefit (HK) Limited, purchased 500 Bitcoin at an average price of $94,375 per Bitcoin on January 9, 2025. This forward-thinking move positions Ming Shing as a trailblazer in merging traditional industries with cutting-edge financial innovation.
Meta Shareholder Proposal to Put Bitcoin on the Balance Sheet
In an exciting move for the Bitcoin community, a group of Meta shareholders recently submitted a proposal urging the tech giant to allocate a portion of its balance sheet to Bitcoin. This initiative reflects growing momentum among corporations to consider Bitcoin as a strategic reserve asset, offering a hedge against inflation and a potential gateway to broader innovation in the digital economy.
Czech Republic Explores Bitcoin for Future Reserve Strategy
The Czech National Bank is joining a growing global trend of exploring Bitcoin as a potential reserve asset. Governor Aleš Michl recently revealed his interest in acquiring Bitcoin to diversify the country’s foreign exchange reserves, signaling a shift in how central banks view cryptocurrency’s role in national financial strategies.
Thailand Pilots Bitcoin Payments in Phuket for Tourists
Thailand is embracing the future of payments with the launch of a pilot program allowing tourists to use Bitcoin for transactions in Phuket, one of the country’s most popular tourist destinations. Starting in 2025, this initiative aims to provide international visitors with a streamlined, tech-forward alternative to traditional payment methods while enhancing the country's appeal in the global tourism market.
Chilean Lawmakers Push for Strategic Bitcoin Reserve
Chile may soon join the growing list of nations embracing Bitcoin at a strategic level. Multiple lawmakers are advocating for the establishment of a Strategic Bitcoin Reserve (SBR), according to Andrés Villagrán, a nation-state mining lobbyist. Villagrán has been tirelessly meeting with officials to highlight Bitcoin’s potential economic benefits and its role in the country’s future financial strategy.
KULR Increases Bitcoin Purchases to $42 Million, Reports 93.7% BTC Yield
KULR Technology Group, Inc. (NYSE American: KULR), a leader in advanced energy management platforms, has taken another significant step in its Bitcoin Treasury strategy. On January 6, 2025, the company announced an additional $21 million investment in Bitcoin, bringing its total Bitcoin purchases to $42 million. This move solidifies KULR’s commitment to integrating Bitcoin into its corporate treasury and aligns with its long-term financial strategy.
Matador Technologies To Buy Bitcoin: A $4.5M Bet on the Future
In a move signalling the growing adoption of Bitcoin by forward-thinking companies, Matador Technologies Inc. has announced plans to add $4.5 million worth of Bitcoin to its corporate treasury this December. This decision aligns with Matador’s long-term strategy to safeguard its assets against currency devaluation risks and embrace the transformative potential of blockchain technology.
MicroStrategy Purchases Another $1.5 Billion Bitcoin
On December 2, 2024, the Company unveiled its latest move to strengthen its Bitcoin holdings—an acquisition of approximately 15,400 Bitcoins, worth $1.5 billion, between November 25 and December 1. This purchase was made possible by raising $1.48 billion through the sale of 3.7 million shares, underscoring the Company’s growing confidence in Bitcoin as a critical component of its financial strategy.