strategic reserve

Florida

2026-07-02 16:45:14

Florida Revives Bitcoin Reserve Plan with New 2026 Bill HB1039

Florida lawmakers have renewed efforts to establish a state-level strategic cryptocurrency reserve, filing HB1039 for the 2026 session. The bill, introduced by Republican Representative John Snyder, authorizes the state's Chief Financial Officer to invest public funds in digital assets subject to audits, reporting requirements, and advisory oversight. To qualify, a digital asset must maintain an average market capitalization of at least $500 billion over the past 24 months—a threshold currently met only by Bitcoin. Supporters frame the proposal as a hedge against inflation, likening Bitcoin to 'digital gold,' while critics warn of volatile price swings. Companion legislation has been filed in the Senate by Senator Joe Gruters. The bills must clear committee and floor votes during the 2026 session, with a conditional effective date of July 1, 2026. Florida joins New Hampshire, Texas, and Wyoming in exploring crypto strategies, positioning itself as one of the largest U.S. states to formally experiment with Bitcoin as a reserve asset.

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Bitcoin minin

2026-07-02 16:00:14

Gryphon Digital Mining Merges with Eric Trump-Backed American Bitcoin, to List on Nasdaq as ABTC

Bitcoin mining firm Gryphon Digital Mining has signed a definitive agreement to merge with American Bitcoin Corp., a company co-founded by Eric Trump, in a stock-for-stock transaction. The merged entity will operate under the American Bitcoin brand and trade on Nasdaq under the ticker 'ABTC'. Gryphon shareholders will hold approximately 2% of the new company, with American Bitcoin stakeholders owning the remaining 98%. The deal, expected to close by Q3 2025, aims to create the world's most efficient Bitcoin miner through low-cost energy infrastructure and a strategic reserve strategy. Hut 8 CEO Asher Genoot, also a board member of American Bitcoin, highlighted time-to-market as a critical factor, calling the merger an efficient path to public markets. Both companies expressed optimism about the combined entity's role in defining the future of public Bitcoin investment.

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Bitcoin minin

2026-07-02 15:45:14

Bitcoin Miner Gryphon Merges With Eric Trump's American Bitcoin, New Company Plans Nasdaq Listing

Bitcoin mining firm Gryphon Digital Mining has entered a definitive agreement to merge with American Bitcoin Corp., a company co-founded by Eric Trump and Hut 8. The all-stock transaction will create a new public company named American Bitcoin, expected to trade on Nasdaq under ticker 'ABTC' by Q3 2025. Gryphon shareholders will hold approximately 2% of the combined entity, while American Bitcoin stakeholders will own 98%. The merged company aims to become the most efficient Bitcoin miner globally, leveraging low-cost energy infrastructure and a strategic reserve strategy. Key executives from both firms expressed confidence in the deal's ability to accelerate growth and market access.

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Peter Schiff

2026-07-02 13:45:14

Peter Schiff Renews Bitcoin Criticism in Tucker Carlson Interview: Calls Crypto Regulation a Bid for Government Endorsement

Gold advocate and longtime Bitcoin critic Peter Schiff appeared on Tucker Carlson's show and reiterated his negative stance on Bitcoin. He argued that the cryptocurrency industry's push for regulatory 'clarity' is actually an attempt to secure government legitimacy rather than self-restraint. Schiff claimed early Bitcoin holders used profits to influence politicians, including President Trump, and labeled proposals for a U.S. Bitcoin strategic reserve as a potential 'bailout fund' using taxpayer money. Carlson pushed back, citing the declining purchasing power of the U.S. dollar and suggesting Bitcoin or stablecoins could serve as a new reserve asset. Schiff dismissed Bitcoin as a speculative fad, noting its 40% decline relative to gold over four years and comparing it to manias like tulips and Beanie Babies.

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Bitcoin

2026-07-02 12:45:14

U.S. Pacific Commander Calls Bitcoin a 'Valuable Computer Science Tool' for National Power and Security

Admiral Samuel Paparo, commander of U.S. Indo-Pacific Command, told the Senate Armed Services Committee that Bitcoin is a peer-to-peer, zero-trust value transfer system whose underlying cryptography and proof-of-work protocols are valuable for national power projection and cybersecurity. He emphasized Bitcoin is not speculative but a computer science system with direct cybersecurity applications. Meanwhile, China's central bank think tank published a report exploring Bitcoin as a strategic reserve asset. The U.S. has established a Strategic Bitcoin Reserve and is advancing the BITCOIN Act to acquire one million BTC. These developments indicate Bitcoin is shifting from a speculative tool to a strategic asset in great-power competition.

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Ukraine

2026-06-29 14:07:45

Ukraine Makes History: Transfers $8.3M in Seized USDT to State Management, Eyes Crypto Strategic Reserve

Ukraine's Prosecutor General's Office has transferred over $8.3 million in seized USDT to the Asset Recovery and Management Agency (ARMA) wallet, marking the first time the country has brought confiscated crypto assets under state management. The funds originated from an international hacker group targeting individuals and businesses in Europe and the US, with estimated losses exceeding $100 million. Four suspects are in custody but not yet convicted. This case emerges as Ukraine considers establishing a strategic crypto reserve funded by forfeited assets from criminal and civil cases, similar to the US approach.

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Ukraine

2026-06-29 14:07:45

Ukraine Transfers $8.3M in Seized USDT to State Asset Recovery Agency, Eyes Strategic Crypto Reserve

Ukraine's Prosecutor General's Office has transferred over $8.3 million in USDT to the state Asset Recovery and Management Agency (ARMA), marking the first time seized crypto assets have been brought under state management. The funds stem from an investigation into an international hacker group accused of targeting individuals and businesses in Europe and the US, with estimated losses exceeding $100 million. The transfer is a custodial measure pending court verdicts. Separately, Ukraine is considering establishing a strategic cryptocurrency reserve funded by confiscated assets, similar to the US approach.

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Ukraine

2026-06-29 14:07:45

Ukraine Transfers $8.3M in Seized USDT to State Management, Eyes Strategic Crypto Reserve

Ukraine’s Prosecutor General’s Office has transferred over $8.3 million worth of USDT to a crypto wallet controlled by the Asset Recovery and Management Agency (ARMA), marking the first time the country has brought seized crypto assets under state management. The funds originate from an international hacker group accused of targeting individuals and businesses in Europe and the US—stealing data, extorting ransom, and laundering proceeds through high-value property in Ukraine, with estimated losses exceeding $100 million. Four suspects are in custody. The transfer is custodial pending final court judgment. Meanwhile, Ukraine is considering establishing a strategic crypto reserve funded by seized assets from criminal and civil cases, similar to the US approach.

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