MARA Holdings Targets Strategic Bitcoin Reserve Across US States  

• MARA Holdings plans to implement Strategic Bitcoin Reserves in all 50 U.S. states and the federal government. 
• Eleven states have already introduced legislation supporting the establishment of Bitcoin reserves. 
• Industry leaders like Coinbase CEO Brian Armstrong advocate for Bitcoin as a national reserve asset. 

MARA Holdings CEO Fred Thiel has revealed a comprehensive plan to establish a Strategic Bitcoin Reserve (SBR) across all 50 states and the federal government. This ambitious initiative aims to enhance Bitcoin adoption while aligning with the legislation introduced in several states. 

MARA Holdings Drives Advocacy for Bitcoin Reserves 

Fred Thiel, in an official statement on X, emphasized the company’s dedication to advancing SBR initiatives. This announcement follows remarks by Jayson Browder, MARA’s Senior Vice President for Government Affairs and Social Responsibility. Browder highlighted that the reserve initiative is now a core priority for the company, indicating a concerted effort to collaborate with advocacy groups and policymakers. 

Additionally, MARA Holdings has reportedly engaged with the Trump administration to facilitate these efforts. This collaboration underscores the company’s strategy to make Bitcoin reserves an integral part of state and federal financial frameworks. 

Strategic Bitcoin Reserve Legislation Progresses 

In tandem with MARA’s initiative, reports show that 11 states, including Florida, Alabama, and Wyoming, have introduced legislation for establishing Bitcoin reserves. These legislative moves reflect a growing trend toward integrating Bitcoin into state-level financial strategies. With MARA’s continued support, the SBR could gain significant traction in more states soon. 

The idea of Bitcoin reserves has garnered support from influential industry figures, including Coinbase CEO Brian Armstrong. Armstrong has long advocated for nations holding Bitcoin alongside traditional reserves like gold. In an interview at the World Economic Forum in Davos, Armstrong underscored that the use of Bitcoin reserves by the US can spur other G20 countries to do the same. 

Bitcoin Price Makes A Slight Rally 

The announcement comes as Bitcoin prices have risen 3% in the last few days, as more people become optimistic about such projects. At the moment, one Bitcoin goes for $105,681.75, a sign of a positive change in the market for cryptocurrencies. Open interest in Bitcoin futures also increased by 3.9 percent showing more trading volumes as well. 

The Strategic Bitcoin Reserve initiative, driven by MARA Holdings, signifies a significant step in Bitcoin’s integration into mainstream financial systems. With supportive legislation and influential backers, this effort could reshape how Bitcoin is perceived and utilized across the United States.