Bitcoin Reserves | ForkLog

ForkLog 8 14.03.2025

US Lawmakers to Introduce Bill Safeguarding Bitcoin Reserve

Republican Byron Donalds is set to introduce a bill in the US Congress to enshrine President Donald Trump’s executive order establishing a SBR. This was reported by Bloomberg. The bill aims to protect the strategic bitcoin reserve from potential revocation by future presidents. If passed, the reserves will remain part of the Treasury’s long-term strategy, […]

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ForkLog 9 14.03.2025

Congress Urges Halt to Bitcoin Reserve Plan

SBR will bring “no tangible benefits” and will only enrich President Donald Trump and his sponsors, according to a letter from U.S. Representative Gerald Connolly to Treasury Secretary Scott Bessent. The legislator, representing Michigan and the Democratic Party, is a member of the Committee on Oversight and Government Reform. Connolly emphasized that Trump did not […]

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ForkLog 18 13.03.2025

Bitdeer Expands Bitcoin Reserves by 43% in a Month

By the end of February, the cryptocurrency reserves of the public mining company Bitdeer reached 1039 BTC, up from 724 BTC the previous month. This represents a growth of approximately 43%, according to a press release. During the reporting period, Bitdeer mined 110 BTC independently with its own hash rate of 9 EH/s. The total […]

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ForkLog 18 12.03.2025

K33 Describes US Bitcoin Reserve as a Strategic Move

President Donald Trump’s decision to establish a strategic bitcoin reserve (SBR) is deemed a “significant event” rather than a “waste of money,” despite concerns about recession and market downturns, according to analysts at K33 Research. They noted that the creation of the SBR demonstrates the authorities’ serious intentions regarding cryptocurrencies. Trump has tasked the development […]

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ForkLog 25 12.03.2025

Cynthia Lummis Unveils Revised Bitcoin Reserve Legislation

Senator Cynthia Lummis has introduced an updated version of the Bitcoin Act in the U.S. Senate, which would allow the government to hold over 1 million bitcoins within a newly established cryptocurrency reserve. The proposal outlines that the U.S. will purchase 200,000 BTC annually over five years, reallocating current funds from the Federal Reserve and […]

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ForkLog 31 10.03.2025

Utah Passes Cryptocurrency Law Without Bitcoin Reserve Provision

In the final stage of voting, the Utah State Senate (USA) removed a key provision from bill HB230, which proposed the creation of a Strategic Bitcoin Reserve (SBR). The document, titled “Blockchain and Digital Innovation Amendments,” lays the groundwork for integrating cryptocurrencies into the state’s legal framework. The initial version allowed the local treasury to […]

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ForkLog 37 10.03.2025

El Salvador Expands Bitcoin Reserves to 6,111 BTC

On March 9, the authorities of El Salvador expanded the national bitcoin reserve by 6 BTC. The total amount of coins held by the state reached 6,111.18 BTC ($501.9 million). In the past seven days, the fund increased by 17 BTC, and over the month — by 40 BTC. Data: Bitcoin Office. On February 26, […]

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ForkLog 13 09.03.2025

‘Crypto Czar’ Opposes New Taxes for Bitcoin Reserve Funding

Appointed by President Donald Trump, ‘crypto czar’ David Sacks has rejected the idea of taxing crypto transactions to fund the national bitcoin reserve. He made this statement on the All-In-One podcast. Sacks reiterated key details about the strategic reserve of digital gold, outlined in Trump’s executive order, emphasizing that replenishing this repository should occur without […]

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ForkLog 18 08.03.2025

US Presidential Crypto Summit Disappoints Investors

The inaugural crypto summit at the White House, aimed at reshaping the US government’s approach to the digital asset industry, failed to deliver the anticipated positive impact on the market. Most of the top 10 cryptocurrencies by market capitalization responded with a decline. Data: Coingecko. Promises Fall Short On March 7, during the summit, Donald […]

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ForkLog 43 07.03.2025

Will China follow the US with a strategic bitcoin reserve?

China is reportedly weighing the creation of a national bitcoin reserve. The US has already taken such a step, though many observers overestimate the government’s BTC stash. China’s actual holdings are even murkier. China is working hard to establish its own Strategic Bitcoin Reserve (SBR), according to Bitcoin Magazine CEO David Bailey. China is now […]

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ForkLog 9 07.03.2025

Elizabeth Warren Urges ‘Crypto Czar’ to Disclose Digital Asset Transactions

Donald Trump’s special advisor on AI and cryptocurrencies, David Sacks, has been asked to provide data on digital asset transactions. This request was made in a letter addressed to him by Senator Elizabeth Warren, reports Axios. The document raises concerns about potential conflicts of interest involving officials and their teams. It also questions the ethics […]

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ForkLog 19 07.03.2025

Russian Cryptocurrency Reserve Not Yet on the Agenda, Says Deputy Gorelkin

The establishment of a strategic cryptocurrency reserve (SBR) in Russia is “not yet being discussed” at the state level, according to Deputy Anton Gorelkin. He reported this. The statement comes amid the creation of an SBR in the United States, which involves the storage of confiscated digital assets. “There is no talk yet of purchasing […]

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