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Author Topic: Everything you wanted to know about Bitcoin Strategic Reserve  (Read 30951 times)
Popkon6
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April 13, 2025, 09:21:45 AM
 #481

Scottish School Will Accept Bitcoin Payments, May Launch BTC Reserve
Lomond School said it’s moving forward with accepting BTC payments after families asked it to.

A school in Scotland has said it will be the first in the UK to start accepting Bitcoin payments.
Lomond School in the town of Helensburgh said that it made the choice to accept the cryptocurrency after a number of parents—both local and foreign—made the request, The Times reported.
The private boarding school has a number of international students.

https://decrypt.co/314558/scottish-school-accept-bitcoin-reserve


Accepting Bitcoin will have all sorts of benefits, the school will see it build up a Bitcoin reserve and will play a bigger role in the acceptance of Bitcoin in the UK. But the most important thing for me is that the parents of the students have spoken to them and they have agreed to accept payment in Bitcoin.
This is how Bitcoin can play a role in every institution these days, you see how interesting this is when every parent of a student, whether they are from home or abroad, can give their consent, of course it is reasonable.

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April 15, 2025, 04:15:13 AM
 #482

Going back to topic, good news:



http://Https://x.com/RepKeithAmmon brought on this bill

New Hampshire is the fourth State to have the Bitcoin Strategic Reserve Bill approved in one chamber:




This Bitcoin Reserve Bill will have the highest opportunity to accept Bitcoin after it is passed, and if they can accept Bitcoin at this time, they will definitely be able to buy it at the lowest price and hold it for a long time, so they will continue to invest for a long time. This reserve bill must have several qualities for it to be successful, one of which is the vote, 192 representatives voted in favor of the Hampshire Bitcoin Reserve Bill, and 179 representatives voted against it.
The Hampshire Bitcoin Reserve Bill won by a total of 13 votes, now they can only take advantage of the opportunity if they get permission to wait for time.

You can access the link here to find out more detailed information,: https://decrypt.co/314412/new-hampshire-house-bitcoin-reserve-bill

The passing of the Hampshire Bitcoin Reserve Bill reflects the growing acceptance of cryptocurrencies in financial policies. But the narrow margin of victory winning by 13 votes still shows that many legislators are skeptic about it. Representatives behind the bill should know how to act properly into acquiring bitcoin at what may be a lower price. Relying in timing alone has a lot of risk since no one can accurately predict Bitcoin's volatility. They should pair the initiative with clear direction for holding and managing their Bitcoin reserves ensuring public trust. It's important for the bill to succeed to have transparency and strategic planning. If Hampshire demonstrates economic benefits and stability through long-term investment, it could pave the way for broader adoption across different regions, further integrating Bitcoin into governmental financial systems.
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April 16, 2025, 09:24:45 AM
Merited by JayJuanGee (1)
 #483

sweden is examining whether Bitcoin could become part of the country's foreign exchange reserves in the future.
in sweden, the inclusion of Bitcoin in the country's foreign exchange reserves is being discussed. on april 8, Rickard Nordin, a member of parliament, submitted an official proposal to the ministry of finance, and yesterday another swedish member of parliament, Dennis Dioukarev, called on the minister of finance to include Bitcoin in his reserves.


https://x.com/DennisDioukarev/status/1911788735936487500

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April 16, 2025, 07:10:12 PM
Merited by JayJuanGee (1)
 #484

Panama City Approves Bitcoin and Crypto Payments for Taxes, Fees, and Permits.



“Panama City council has just voted in favor of becoming the first public institution of government to accept payments in Crypto. Citizens will now be able to pay taxes, fees, tickets and permits entirely in crypto starting with BTC, ETH, USDC, USDT.”

This decision sets Panama City on a more progressive path, enabling residents to interact with their local government using Bitcoin for everyday transactions. Mizrachi also explained how this was achieved without the need for new legislation, a hurdle that had stalled previous efforts.

“Prior administrations tried to push a bill in the senate to make this possible, but we found a simple way to do it without new legislation. Legally, public institutions must receive funds in $, so we partner with a bank who will take care of the transaction—receiving in crypto and convert on spot to $. This allows for the free flow of crypto in the entire economy and entire government.”
Full news and image source

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April 17, 2025, 04:37:18 AM
 #485

JUST IN: Semler Scientific files to raise $500 million to buy more #Bitcoin Source link



Semler Scientific They will raise $500 million to collect more Bitcoin, Bitcoin is the only reliable investment that is much less risky if collected in the long term. Not only Semler Scientific, but also various other large companies are holding Bitcoin, the future of Bitcoin is bright, that is why Bitcoin is currently the most attractive to investors.


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April 17, 2025, 07:46:56 PM
Merited by fillippone (3), JayJuanGee (1)
 #486

Panama City Approves Bitcoin and Crypto Payments for Taxes, Fees, and Permits.



Panama City council has just voted in favor of becoming the first public institution of government to accept payments in Crypto. Citizens will now be able to pay taxes, fees, tickets and permits entirely in crypto starting with BTC, ETH, USDC, USDT.”

This decision sets Panama City on a more progressive path, enabling residents to interact with their local government using Bitcoin for everyday transactions. Mizrachi also explained how this was achieved without the need for new legislation, a hurdle that had stalled previous efforts.

“Prior administrations tried to push a bill in the senate to make this possible, but we found a simple way to do it without new legislation. Legally, public institutions must receive funds in $, so we partner with a bank who will take care of the transaction—receiving in crypto and convert on spot to $. This allows for the free flow of crypto in the entire economy and entire government.”
Full news and image source

so the article has nothing to do with creating a strategic reserve in panama(facepalm)
so the article has nothing to do with creating a bill to create a strategic reserve in panama(facepalm)

but is instead about them using (showing my bit-age) things like bitpay to sell bitcoin for fiat on the spot, and the government only ends up with fiat

We will soon become the first public institution in the country to allow payment for municipal services in cryptocurrency, through an authorized bank that will be responsible for converting the proceeds into dollars for the Mayor’s Office

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both researched opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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April 20, 2025, 10:17:08 AM
 #487

Spar Supermarket in Switzerland Starts Accepting Bitcoin
International retail giant launches bitcoin lightning network payments at Zug location, signalling potential wider adoption across 13,900 global stores.
SPAR has begun accepting Bitcoin payments at its Zug, Switzerland location, marking another milestone in Switzerland’s progressive approach to bitcoin adoption. The implementation uses the Lightning Network through DFX Swiss’s OpenCryptoPay solution, enabling instant transactions at the point of sale.
Lugano, in particular, has made headlines with its “Plan ₿” initiative, which aims to make bitcoin a de facto legal tender in the city. The plan, supported by Mayor Michele Foletti, has already enabled bitcoin payments for taxes, public services, and at hundreds of local merchants. The city has also partnered with Tether to establish a technology education centre and startup fund.

https://bitcoinmagazine.com/news/spar-supermarket-in-switzerland-starts-accepting-bitcoin

Gradually, more shopping malls in Switzerland will accept Bitcoin payments, because it has brought so many benefits at the moment that those who have used this Bitcoin payment are the only ones who can prove it. This SPAR location is the first supermarket in Switzerland where you can check out Bitcoin transactions using LNURL.
 This implementation paves the way for SPAR's network of 13,900 and more stores in 48 countries and is able to serve around 14.7 million customers every day. If you can notice, it will definitely be ready to serve more customers in the future, and it is gradually moving towards a higher level of popularity in various supermarkets.

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April 20, 2025, 05:45:14 PM
 #488

According to a report from Bitwise, Bitcoin adoption among public companies hit a record
high in Q1 2025. Publicly traded firms now collectively hold over 688,000 BTC, thus accounting
for 3.28% of Bitcoin’s fixed 21 million supply.

https://www.talkimg.com/images/2025/04/20/xqh9N.jpeg

https://x.com/BitcoinNewsCom/status/1913630168620376518?t=Q5_C2GdzW8Dx4nD3igvUbQ&s=19
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April 26, 2025, 10:17:04 PM
Merited by JayJuanGee (1)
 #489

ARIZONA'S STRATEGIC #BITCOIN RESERVE COULD BE APPROVED IN FINAL VOTE MONDAY


Source

Monday have been fixed for the final vote to be taken and if approved would be sent to the Governor. I am super Bullish that the  house will vote in one accord and that will be certainly in favour of Bitcoin and if signed into law by Governor Katie Hobbs would  allow the state to  invest 10% of the state funds in Bitcoin.
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April 28, 2025, 10:17:10 PM
Merited by JayJuanGee (1)
 #490

SB1025 (public monies; investment; virtual currency) HAS JUST BEEN APPROVED BY THE HOUSE.




The same happened for SB1373 digital assets strategic reserve fund.



There is only one last signature by Arizona Governor Katie Hobbs. Then, the Central Government could veto it, I suppose.


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April 28, 2025, 11:24:19 PM
 #491

Quote
sweden is examining whether Bitcoin could become part of the country's foreign exchange reserves in the future.

This is the bigger story I was looking for not just one country and I know USA is a big deal and all that but with Bitcoin its always the global perspective and the growth of its status, usage and ability to serve the world.
  I know the IMF were dead against the usage of BTC in El Salvador as a currency and I honestly cant say for sure where BTC will be best used, how and by who but I like that its being considered valid increasingly and tested for its benefits.   Now the job is to make it as usable as possible and it wont be straight forward to facilitate that usage by a plain user public but it has to be possible and even profitable to do so in many cases I imagine, good to see progression anyhow.

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April 28, 2025, 11:27:39 PM
 #492

Spar Supermarket in Switzerland Starts Accepting Bitcoin

According to a report from Bitwise, Bitcoin adoption among public companies hit a record
high in Q1 2025.

JUST IN: Semler Scientific files to raise $500 million to buy more #Bitcoin Source link

Guys, those facts are irrelevant here on this thread.
Please post something that has only to do with SOVEREIGN BSR.

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.Duelbits PREDICT..
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.WHERE EVERYTHING IS A MARKET..
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Will Bitcoin hit $200,000
before January 1st 2027?

    No @1.15         Yes @6.00    
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Cossyblack
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April 29, 2025, 08:06:01 AM
Merited by fillippone (3)
 #493

SB1025 (public monies; investment; virtual currency) HAS JUST BEEN APPROVED BY THE HOUSE.




The same happened for SB1373 digital assets strategic reserve fund.



There is only one last signature by Arizona Governor Katie Hobbs. Then, the Central Government could veto it, I suppose.


If the house have voted to give approval for a Bitcoin Reserve,then i am certain Governor Katie Hobbs would also give it a consideration thoughts and would pen down her signature on the document once it is presented to her in her office.
Congratulations to the good citizens of Arizona for making the right decision at the right time.
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May 01, 2025, 09:17:11 AM
 #494

MICROSTRATEGY HINTS TO ANNOUNCE THEIR #BITCOIN ADDRESSES HOLDING OVER 550,000 WORTH $53B 👀

THIS WILL BE A GAME CHANGER!!!



https://x.com/Vivek4real_/status/1917181976991113290?t=QDtRuqxLZJLT14H8U-6X_w&s=19

Mate,this thread is all about bitcoin strategic Reserve, anything not related to this Topic is irrelevant here. Pls be guided.

I believe a thread has already been created for Michael saylor Microstrategy
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May 01, 2025, 10:46:53 AM
 #495

SB1025 (public monies; investment; virtual currency) HAS JUST BEEN APPROVED BY THE HOUSE.




The same happened for SB1373 digital assets strategic reserve fund.

There is only one last signature by Arizona Governor Katie Hobbs. Then, the Central Government could veto it, I suppose.


If the house have voted to give approval for a Bitcoin Reserve,then i am certain Governor Katie Hobbs would also give it a consideration thoughts and would pen down her signature on the document once it is presented to her in her office.
Congratulations to the good citizens of Arizona for making the right decision at the right time.

Arizona is leading the race https://www.ccn.com/news/crypto/us-states-strategic-bitcoin-reserve-2025/ on all states pass a bill towards creating their own Bitcoin reserve.

We can also see in the article the latest development about their Bitcoin reserve plans, It's sad that it failed in Oklahoma since they didn't get enough vote and it seems there are still skeptical officials are there which stop this reserve plan to happen.

Looking to see more good updates on their filed Bitcoin reserve bill and hopefully all of those states file a Bitcoin reserve will succeed then move to next phase which is to start accumulating Bitcoins.


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May 01, 2025, 05:02:58 PM
 #496

To me, the biggest hurdle is not the AZ governor's signature, which she is keen on doing anyway, despite the local political brawls.
 
I guess the bigger hurdle will come from the federal government. I do not remember if they said anything about being front-run by local government. 
As described in the OP, the BITCOIN Act, by Senator Cynthia Lummis,  allows individual states to store their Bitcoin holdings within the federally managed reserve under segregated accounts.
This arrangement offers states a secure option for establishing their own Bitcoin reserves while benefiting from federal infrastructure and oversight.

The point is that I cannot see every state rushing to buy Bitcoin before the federal government does the same. I bet the order will be the other way around: the federal government first, then a single state pushing Bitcoin North.

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.Duelbits PREDICT..
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.
.WHERE EVERYTHING IS A MARKET..
█████
██
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██
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Will Bitcoin hit $200,000
before January 1st 2027?

    No @1.15         Yes @6.00    
█████
██
██







██
██
██████

  CHECK MORE > 
Lida93
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May 01, 2025, 06:03:50 PM
Merited by JayJuanGee (1)
 #497


https://www.fxleaders.com/news/2025/05/01/roswell-breaks-ground-first-u-s-city-to-adopt-bitcoin-as-a-reserve-asset/#:~:text=Roswell%2C%20New%20Mexico%2C%20has%20become,once%20reserves%20exceed%20%241%20million.
While we thought Arizona was leading in the bitcoin race for reserve adoption Roswell city has taken an instant step adopting bitcoin as a municipal reserve asset. 

Perhaps, a federal ratification of bitcoin reserve will drastically propel more adopters at both State and local levels respectively.

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May 01, 2025, 07:23:35 PM
Last edit: May 01, 2025, 07:46:01 PM by Cossyblack
Merited by JayJuanGee (1)
 #498

SB1025 (public monies; investment; virtual currency) HAS JUST BEEN APPROVED BY THE HOUSE.




The same happened for SB1373 digital assets strategic reserve fund.

There is only one last signature by Arizona Governor Katie Hobbs. Then, the Central Government could veto it, I suppose.


If the house have voted to give approval for a Bitcoin Reserve,then i am certain Governor Katie Hobbs would also give it a consideration thoughts and would pen down her signature on the document once it is presented to her in her office.
Congratulations to the good citizens of Arizona for making the right decision at the right time.

Arizona is leading the race https://www.ccn.com/news/crypto/us-states-strategic-bitcoin-reserve-2025/ on all states pass a bill towards creating their own Bitcoin reserve.

The Race is on, Arizona was the first and now it is North Carolina  state

North Carolina Bitcoin strategic Reserve Bills have also gotten full approval from the house as the Bill will now be forwarded to the office of Governor for an additional approval before it becomes law. I urge North Carolina Governor not to hesitate in signing the Bill into law once it gets to his desk.

I am super Bullish that more states will start getting full approval from there legislative houses soon than expected.

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May 01, 2025, 10:02:33 PM
Merited by JayJuanGee (1)
 #499

To me, the biggest hurdle is not the AZ governor's signature, which she is keen on doing anyway, despite the local political brawls.
 
I guess the bigger hurdle will come from the federal government. I do not remember if they said anything about being front-run by local government. 
As described in the OP, the BITCOIN Act, by Senator Cynthia Lummis,  allows individual states to store their Bitcoin holdings within the federally managed reserve under segregated accounts.
This arrangement offers states a secure option for establishing their own Bitcoin reserves while benefiting from federal infrastructure and oversight.

The point is that I cannot see every state rushing to buy Bitcoin before the federal government does the same. I bet the order will be the other way around: the federal government first, then a single state pushing Bitcoin North.


But I believe that what their head official like to implement it will happen but although its its expected that there will be opposition but majority of legislators would provably approved it especially some of those politician serves the pleasure of their President.

There is an article before that explains compliance implication of Bitcoin strategic reserve Federal Crypto Ownership: Compliance Implications of the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile

They need to fix those concern and have proper coordination so that they succeed to approve and implement the Bitcoin reserve plans they want to do.

Also for sure that IRS,CFTC and SEC have conflicting views on it and its big challenge for Trumps administration to work for. But I'm positive that they can work this out especially that they have knowledgeable people working for this Bitcoin reserve plan to happen.

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May 02, 2025, 08:32:19 AM
Merited by JayJuanGee (1)
 #500

🇺🇸 State Reserve Race Update:

New Hampshire Bitcoin Reserve Bill HB 302 has passed the Senate Ways & Means Committee, with a 4-1 vote.

It now proceeds to Third Reading and final floor vote.
here


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