Special reserve

January 09, 2025 | Read Online

Special reserve

Countries are set to begin stockpiling Bitcoin for strategic reserves, according to a new report by Fidelity Digital Assets.

Stephen Graves

Together with:

What you need to know

Countries are set to begin stockpiling Bitcoin for strategic reserves, according to a new report by Fidelity Digital Assets.

The financial services giant’s analysts reckon that growing interest from institutional investors is causing “nation-states, central banks, sovereign wealth funds, and government treasuries” to warm up to the asset.

One area that’s leading the way is a newly designated Special Administrative Region in Bhutan, which announced plans this week to formally adopt digital assets including Bitcoin and Ethereum as part of its strategic reserves.

But U.S. president-elect Donald Trump’s plan to use seized funds as the basis of a strategic Bitcoin reserve looks to have been dealt a blow after a court approved plans to sell $6.5 billion in Bitcoin from defunct dark web marketplace Silk Road.

More Countries to Establish Bitcoin Reserves in 2025, Fidelity Says

Nations this year could begin adding Bitcoin to their treasuries to hedge against crippling inflation, according to a recent report.

Bhutan’s Special Administrative Region to Adopt Bitcoin, Ethereum in Strategic Reserves

The move builds on Bhutan’s growing role in crypto, where the government already holds significant Bitcoin reserves.

US Court Greenlights Sale of $6.5B in Seized Silk Road Bitcoin

The ruling does not ensure immediate liquidation of the seized Bitcoin, as federal asset forfeiture requires several administrative processes.

Mysten Labs Unveils Decentralized Storage Protocol Walrus

Revealed at Sui Builder House in Singapore, the Walrus storage network will service blockchain apps and autonomous agents.

Quote of the Day

❝

“We anticipate more nation-states, central banks, sovereign wealth funds, and government treasuries will look to establish strategic positions in Bitcoin.”

Fidelity Digital Assets analyst Matt Hogan

From our partner

Walrus revolutionizes decentralized data storage with a secure, scalable, & cost-efficient solution for Web3 applications on any chain. Builders and users benefit from high-speed, reliable data access, with Decrypt and One Championship already joining the herd. Join the Quest and get to know Walrus!

Find out more

From Our Hubs

️ GG: Call of Duty-Inspired Solana Meme Coin MLG Skyrockets After FaZe Clan Boost

Trading on gaming vibes and Call of Duty nostalgia—with a boost from esports royalty—meme coin 360noscope420blazeit (MLG) is blowing up.

EMERGE: How Criminals Used ChatGPT and Meta AI to Plan Terror Attacks on US Soil

Recent terror attacks in Las Vegas and New Orleans reveal how AI tools were exploited for surveillance and planning, raising urgent questions about safeguards.

️ SCENE: Pudgy Penguins Solana Token and Ethereum NFTs Rising Ahead of Abstract Network Launch

Pudgy Penguins assets are all rising in value ahead of the launch of Abstract, an Ethereum layer-2 network from the project’s parent company.

Watch and Learn

️ WATCH: Crypto Crash, Inflation fears return, MLG hits $100M

Crypto crashes amidst escalating inflation fears. MicroStrategy plans $2bn capital raise to buy BTC.ETFs buying BTC 20x faster than it is being mined.

️ LEARN: What Is ‘Zoo’? The Telegram Crypto Game With an Upcoming Airdrop

Rising Telegram game Zoo tasks players with creating their own animal amusement park—while earning towards an upcoming crypto airdrop.

Update your email preferences or unsubscribe here

1712 Carey Avenue
Cheyenne, Wyoming 82001, United States of America