πͺ Sats Per Share - 01/01/2025
π¦ Franklin Templeton: Bitcoin's Coming to National Treasuries
Major investment firm Franklin Templeton has made a bold prediction for 2025: several nations will add Bitcoin to their strategic reserves. With U.S. states like Ohio and Texas already exploring BTC tax payments, and recent proposals in Germany and Hong Kong, the dominoes appear to be falling.
ππ° Hong Kong Eyes Bitcoin for Its Piggy Bank
Hong Kong is making waves with legislator Wu Jiexhuang's proposal to add Bitcoin to national reserves. Following a similar pitch by fellow lawmaker Johnny Ng, the move could leverage Hong Kong's unique "one country, two systems" framework. With multiple Bitcoin ETFs already trading on the Hong Kong Stock Exchange, the city's looking to cement its position as Asia's crypto hub.
πͺ Tether's Bitcoin Shopping Spree
Stablecoin giant Tether just made its biggest Bitcoin move in 9 months, adding $780 million worth to its reserves. This brings their total Bitcoin stash to a whopping $7.75 billion, securing their spot as the second-largest corporate holder after Block.one. The move follows their May 2023 pledge to put up to 15% of profits into Bitcoin.
πΈπ» El Salvador Hits 6,000 BTC Milestone
After 39 months of steady accumulation, El Salvador's Bitcoin treasury has reached 6,000 BTC, valued at approximately $570 million. This positions the Central American nation as the sixth-largest government holder of Bitcoin globally.
πΊπΈ Uncle Sam's Bitcoin Plan: Strategic Reserve on the Horizon?
The U.S. is considering a massive Bitcoin initiative - acquiring 1 million BTC over five years for a strategic reserve. While supporters like Senator Lummis and Donald Trump see it as a debt-reduction tool, critics question whether Bitcoin's appreciation could meaningfully impact the $35 trillion national debt. If implemented, Metaplanet's CEO suggests Japan and other Asian nations would likely follow America's lead.
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