ChainCatcher message, on-chain data shows that about an hour ago, the El Salvador wallet address increased its holdings by approximately 11 BTC (worth 1.06 million USD) for its strategic Bitcoin reserves.

ChainCatcher news, according to a post by Cointelegraph on X platform, Senator Cynthia Lummis recently stated that the purpose of a strategic Bitcoin reserve is "to clearly and strategically pay down the government debt hanging over every American."

ChainCatcher news, according to Cointelegraph, U.S. Senator Cynthia Lummis stated that the purpose of a strategic Bitcoin reserve is to "clearly and strategically pay off the government debt hanging over every American."

ChainCatcher news, MicroStrategy founder Michael Saylor has released a digital asset framework that includes a strategic Bitcoin reserve. A strategic digital asset policy can strengthen the dollar, eliminate national debt, and position the United States as a global leader in the 21st-century digital economy.

ChainCatcher news, Castle Island Ventures founding partner recently stated in an interview that he does not expect to establish a strategic Bitcoin reserve, as shaking global market confidence by implying risks to the dollar would not benefit anyone.

ChainCatcher news, according to Bitcoinist, recently, Alabama State Auditor Andrew Sorrell publicly proposed the establishment of a Strategic Bitcoin Reserve (SBR). This proposal is based on the growing interest of federal and state policymakers in SBRs, as well as the backdrop of a significant increase in Bitcoin prices following Trump's election as president.In a media interview, Sorrell emphasized what he believes to be the inevitability of long-term success for Bitcoin and cryptocurrencies: "The debate about whether cryptocurrencies will succeed is over. To date, cryptocurrencies represent a $3 trillion asset class, while the state's investment in cryptocurrencies is zero. It is also the fastest-growing asset class with the greatest potential for price appreciation."Additionally, he stated that the establishment of the SBR has three main objectives: portfolio diversification, cryptocurrency-friendly positioning, and safeguarding against currency-related risks.

ChainCatcher news, according to DL News, the possibility of Trump creating a national Bitcoin reserve is a major factor driving the cryptocurrency market to new heights. Currently, the momentum for a strategic Bitcoin reserve in the U.S. is penetrating to the state level, such as:Florida is taking steps to establish a strategic Bitcoin reserve as early as the first quarter of 2025;Pennsylvania is also drafting its own Bitcoin strategic reserve bill, which is expected to invest 10% of the state's general fund in Bitcoin when it is introduced in November;The goal of Florida and Pennsylvania is to directly purchase Bitcoin, while other states like Michigan and Wisconsin have chosen a more conservative route, investing in Bitcoin-related ETFs and trust funds:SEC filings show that as of September, Michigan holds $11 million in ARK 21Shares Bitcoin ETF;The Wisconsin Investment Board holds over $220 million in Grayscale and BlackRock Bitcoin ETF shares.