Michael Saylor, Chairman and controlling shareholder of MicroStrategy, continues to cement his status as one of Bitcoin’s most prominent advocates. Under his leadership, MicroStrategy is pushing boundaries with its aggressive Bitcoin acquisition strategy, and the company is now taking unprecedented steps to scale its vision.

In a move that could redefine state-level financial strategy, legislation was introduced in the Texas House of Representatives Thursday 12th December to create a strategic Bitcoin reserve. The initiative, led by Republican State Representative Giovanni Capriglione, could serve as a proving ground for similar efforts at the federal level, including within the U.S. Treasury.

As Bitcoin gains global traction, Russia may take a historic step by creating a national Bitcoin reserve. A proposal from Anton Tkachev, a member of the State Duma and the Novye Lyudi party, suggests that Bitcoin could play a pivotal role in countering economic sanctions and ensuring financial stability in the face of restricted access to international payment systems.

This ground breaking proposal aligns with Bitcoin’s growing recognition as a tool for global trade resilience and strategic financial planning.

Brazil’s Congress is considering legislation to establish a national Bitcoin reserve, marking a significant step toward embracing cryptocurrency as a strategic financial tool. The bill, introduced by Federal Deputy Eros Biondini on November 25, 2024, proposes the creation of the Sovereign Strategic Reserve of Bitcoins (RESBit) to hold up to 5% of Brazil’s international reserves. However, its alignment with the central bank digital currency (CBDC), Drex, has sparked debate about the true intentions and long-term impact of the bill.