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Michael Saylor pushes US gov’t to purchase up to 25% of Bitcoin supply
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Strategy founder Michael Saylor has proposed that the United States government aims to acquire up to 25% of Bitcoin’s total supply over the next decade for its Strategic Bitcoin Reserve.
“Acquire 5-25% of the Bitcoin network in trust for the nation through consistent, programmatic daily purchases between 2025 and 2035, when 99% of all BTC will have been issued,” Saylor wrote in a document titled “A Digital Assets Strategy to Dominate the 21st Century Global Economy.”
Saylor reiterates to the US government, “Never sell your Bitcoin”
Saylor presented the document to US President Donald Trump, government executives, and global crypto leaders at the White House Crypto Summit on March 7.
He explained that the government should stick to a “Never sell your Bitcoin” policy, predicting that by 2045, the Strategic Bitcoin Reserve could generate over $10 trillion annually, and serve as a “perpetual source of prosperity” for Americans.
Up until 2045, Saylor said the Reserve could generate between $16 trillion and $81 trillion for the US Treasury, potentially easing the national debt.
Source: Michael Saylor
Earlier that day, Trump signed an executive order establishing a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile,” initially funded with cryptocurrency seized in criminal cases.
While it didn’t include an immediate plan to buy more Bitcoin, the order stated that the Treasury and Commerce secretaries would develop “budget-neutral strategies” for acquiring more Bitcoin, ensuring no added costs for taxpayers.
25% supply allocation far exceeds previous proposal
If the US government acquired 25% of Bitcoin’s total supply, it would hold 5.25 million BTC — far more than the 1 million BTC (5% of the supply) that Wyoming Senator Cynthia Lummis proposed in the Bitcoin Act introduced in July 2024.
Related: Michael Saylor’s Strategy bags first Bitcoin purchase under new name
Meanwhile, Saylor has continued accumulating Bitcoin, having purchased an additional $2 billion worth on Feb. 24. This brings Strategy’s total holdings to nearly 500,000 BTC.
The acquisition came after Strategy raised another $2 billion in a senior convertible note offering to purchase more Bitcoin.
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XRP Price Reclaims Ground—Is a Bigger Push Just Getting Started? First meta-DEX aggregator Titan launches on Solana Crypto Trader Sees Memecoin Resurgence After Sector Got ‘Smashed’ – Here Are His Top Picks $90K Target Ahead as BTC Options Volume nears $800M This Week in Crypto Games: Jurassic World in ‘The Sandbox’, Telegram Gets ‘Not Games’ Fidelity files for Ethereum-based US Treasury fund ‘OnChain’ Published on By Fidelity Investments has filed to register a tokenized version of its US dollar money market fund on Ethereum — joining the likes of BlackRock and Franklin Templeton in the blockchain tokenization space. Fidelity’s March 21 filing with the US securities regulator said “OnChain” would help track transactions of the Fidelity Treasury Digital Fund (FYHXX) — an $80 million fund consisting almost entirely of US Treasury bills. While OnChain is pending regulatory approval, it is expected to take effect on May 30, Fidelity said. Fidelity’s filing to register a tokenized version of the Fidelity Treasury Digital Fund. Source: Securities and Exchange Commission The OnChain share class aims to provide investors transparency and verifiable tracking of share transactions of FYHXX, although Fidelity will maintain traditional book-entry records as the official ownership ledger. “Although the secondary recording of the OnChain class on a blockchain will not represent the official record of ownership, the transfer agent will reconcile the secondary blockchain transactions with the official records of the OnChain class on at least a daily basis.” Fidelity said the US Treasury bills wouldn’t be directly tokenized. The $5.8 trillion asset manager said it may also expand OnChain to other blockchains in the future. Related: Ethereum eyes 65% gains from ‘cycle bottom’ as BlackRock ETH stash crosses $1B Asset managers have increasingly turned to blockchain to tokenize Treasury bills, bonds and private credit over the past few years. The RWA tokenization market for Treasury products is currently valued at $4.78 billion, led by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) at $1.46 billion, according to rwa.xyz. Market caps of blockchain-based Treasury products. Source: rwa.xyz Over $3.3 billion worth of RWAs are tokenized on the Ethereum network, followed by Stellar at $465.6 million. BlackRock’s head of crypto, Robbie Mitchnick, recently said Ethereum is still the “natural default answer” for TradFi firms looking to tokenize RWAs onchain. “There was no question that the blockchain we would start our tokenization on would be Ethereum, and that’s not just a BlackRock thing, that’s the natural default answer.” “Clients clearly are making choices that they do value the decentralization, they do value the credibility, and the security and that’s a great advantage that Ethereum continues to have,” he said at the Digital Asset Summit in New York on March 20. Magazine: Comeback 2025: Is Ethereum poised to catch up with Bitcoin and Solana? Published on By Bitcoin (BTC) circled $85,000 into the March 23 weekly close as excitement over a key trend change brewed. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD finding strength during weekend trading. Up 1.5% on the day, Bitcoin edged higher as part of a broad crypto market uptick, which also lifted various major altcoins. “I think this next week will be telling where the market wants to head for the next higher timeframe move,” popular trader Daan Crypto Trades wrote in part of his latest X analysis, noting the closing position of CME Group’s Bitcoin futures. BTC/USD 15-minute chart. Source: Daan Crypto Trades/X The post echoed the broader market sentiment as traders eyed the potential for a fresh push higher into the monthly close. Popular trader and analyst Rekt Capital reiterated encouraging breakout signs on daily timeframes for Bitcoin’s relative strength index (RSI). “The Daily RSI is showcasing early signs of retesting the Downtrend dating back to November 2024 as new support,” he reported. BTC/USD 1-day chart with RSI data. Source: Rekt Capital/X For fellow analyst Matthew Hyland, however, current price levels held deeper significance. For the first time in six months, he revealed on the day that BTC/USD was about to seal a key bullish RSI divergence on weekly timeframes. “BTC can make weekly bullish divergence for the first time since September tonight,” he confirmed on X. “Currently in position.” BTC/USD 1-week chart with RSI data. Source: Matthew Hyland/X Elsewhere, trading team Stockmoney Lizards shrugged off the idea that Bitcoin risked entering a long-term bear market. Related: Here’s why Bitcoin price can’t go higher than $87.5K The local bottom, it told X followers in its latest market analysis, lay at $76,000 — a level already revisited earlier this month. “While many are panicking and declaring a bear market, the long-term trend channel (green lines) remains firmly intact,” it summarized alongside a chart showing BTC price fluctuations around an average trend line during bull markets. “This correction doesn’t invalidate the uptrend – it confirms it.” BTC/USD 1-week chart. Source: Stockmoney Lizards/X Stockmoney Lizards acknowledged that upside continuation may take some time. “This test doesn’t guarantee an immediate pump, but history indicates we’re approaching a bottoming zone,” it concluded. “How long does this take? Well, nobody knows. These days, news, macroeconomic signals etc. can determine the duration of our correction. Educated guess: a couple of weeks.” This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Published on By The Sonic blockchain is working on the implementation of its yield-generating, algorithmic stablecoin despite fears over a potential collapse similar to the Terra-Luna meltdown that led to the industry’s longest crypto winter. Algorithmic stablecoins employ code-based mechanisms to ensure their price stability, as opposed to fiat stablecoins pegged directly to the value of the underlying currency. The Sonic blockchain is working on the implementation of an algorithmic stablecoin with up to 23% annual percentage rate (APR), according to Andre Cronje, co-founder of Sonic Labs and founder of Yearn.finance. Cronje wrote in a March 22 X post: “POC looks good. Yielding > 200% APR @ 10m tvl, around 23.5% APR @ 100m, steady at around 4.9% at 1bn+. Will scale up and get team for a full release.” Source: Andre Cronje The announcement came a day after Cronje admitted to experiencing Post-traumatic stress disorder (PTSD) related to algorithmic stablecoin due to previous cycles: “Pretty sure our team cracked algo stable coins today, but previous cycle gave me so much PTSD not sure if we should implement.” In May 2022, the $40 billion Terra ecosystem collapsed, erasing tens of billions of dollars of value in a matter of days. Terra’s algorithmic stablecoin, TerraUSD (UST), was yielding an over 20% annual percentage yield (APY) on Anchor Protocol. As UST lost its dollar peg, crashing to a low of around $0.30, Terraform Labs co-founder Do Kwon took to X to share his rescue plan. At the same time, the value of sister token LUNA, once a top-10 crypto project by market capitalization, plunged over 98% to $0.84. For reference: LUNA was trading north of $120 in early April. Related: Sonic TVL rises 66% to $253M since rebranding from Fantom Sonic claims to be the world’s fastest Ethereum Virtual Machine (EVM) chain, with a “true” 720 milliseconds (ms) finality — the assurance that a transaction is irreversible, which happens after it is added to a block on the blockchain ledger. Sonic has garnered attention in the crypto industry since its testnet achieved a 720 ms finality on Sept. 8, 2024. Related: FTX liquidated $1.5B in 3AC assets 2 weeks before hedge fund’s collapse The Terra (LUNA) token is down over 98% from its all-time high of 19.54 recorded on May 28, 2022, nearly three years ago, CoinMarketCap data shows. LUNA/USD, all-time chart. Source: CoinMarketCap Despite the collapse, the token saw over $21 million worth of trading volume over the past 24 hours, which shows that “people are still buying it even though it’s dead,” noted popular technical analyst Optimus KevTron. The collapse of the algorithmic stablecoin issuer created shockwaves among both crypto investors and lawmakers. To create more stability, the European Union’s Markets in Crypto-Assets Regulation (MiCA) bill will prohibit the issuance of algorithmic stablecoins to avoid another collapse similar to the Terra ecosystem’s. Magazine: ‘Hong Kong’s FTX’ victims win lawsuit, bankers bash stablecoins: Asia Express Arthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025 Expert Sees Bitcoin Dipping To $50K While Bullish Signs Persist Aptos Leverages Chainlink To Enhance Scalability and Data Access Bitcoin Could Rally to $80,000 on the Eve of US Elections Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals Sonic Now ‘Golden Standard’ of Layer-2s After Scaling Transactions to 16,000+ per Second, Says Andre Cronje Crypto’s Big Trump Gamble Is Risky Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500x
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