Bitcoin Reserves in 50 States Soon? MARA’s Plan Gains Momentum with Trump’s Support

President Trump’s Bitcoin Reserve Plan is rapidly gaining support, with major companies and influential figures backing the idea as he takes office. One of the most prominent supporters is Fred Thiel, CEO of Marathon Digital Holdings (MARA), who has outlined a bold plan to establish a Strategic Bitcoin Reserve (SBR) across all 50 U.S. states and at the federal level.

This could signal massive change. Here are the details.

MARA’s Vision for Bitcoin

Thiel’s plan is to make Bitcoin a central part of U.S. financial policies, showcasing MARA’s commitment to the cryptocurrency. This move could represent a major shift in how Bitcoin is viewed within the U.S. economy.

The timing is critical, as the Trump administration is aiming to turn the U.S. into a leading force for Bitcoin. Already, 11 states, including Florida, Alabama, Wyoming, Utah, and Massachusetts, have introduced laws to create their own Bitcoin reserves.

A Nationwide Movement

MARA is actively working to make the Bitcoin Reserve a reality. The company is collaborating with policymakers and advocacy groups to push this initiative nationwide. Jayson Browder, MARA’s Senior Vice President of Government Affairs, emphasized that the SBR is their top priority, and the company is working closely with the Trump administration to help make it happen.

The Bitcoin Reserve plan is getting support from notable figures such as Coinbase CEO brian armstrong brian armstrong Brian Armstrong is the CEO of Coinbase Global, the biggest bitcoin exchange in the US. He is a former software developer for Airbnb. In 2012, Brian teamed up with Fred Ehrsam and launched Coinbase in San Francisco. Even though co-founder Fred Ehrsam left the company in 2017, he remains a board member and owns 6% of the business. On April 14, 2021, Coinbase went public through a direct offering on the Nasdaq. Soon it momentarily hit $100 billion in market capitalization. About 19% of company shares are owned by Armstrong. Quick Facts Full name Brian Armstrong Birth January 25, 1983 in San Jose, California, U.S. Education Bachelor of Arts/Economics, Master of Arts/Science, Rice University Nationality American Martial Status Married Net Worth $11.9B (Refer for real-time) He supports the need for clear regulations and policies for cryptocurrency trading and decentralized transactions. Brian has collaborated with diplomats to formulate the policies. He continues to contribute to the crypto community and blockchain technology. Brian Armstrong: Timeline of events 2010: Discovered Bitcoin – Read the Bitcoin whitepaper and became interested in decentralized finance. 2012: Co-Founded Coinbase – Launched Coinbase with Fred Ehrsam to simplify Bitcoin buying and selling. 2015: Expanded Coinbase Services – Introduced Coinbase Exchange and support for multiple cryptocurrencies. 2017: Led Coinbase Through Crypto Boom – Scaled operations as Bitcoin surged to $20,000, making Coinbase a top exchange. 2021: Coinbase IPO on NASDAQ – Took Coinbase public (COIN) at a $86B valuation, marking a major crypto milestone. 2022: Advocated for Crypto Regulation – Engaged with lawmakers to promote clear crypto regulations in the U.S. 2023: Launched Coinbase’s Layer-2 ‘Base’ – Introduced Base, a Layer-2 blockchain to improve Ethereum scalability. 2024: Pushing for Global Crypto Adoption, Married to Angela Meng. Year Award/Notable Work Details 2012 Co-Founded Coinbase Built one of the world’s largest cryptocurrency exchanges. 2017 Fortune 40 Under 40 – Technology Recognized for leadership in the crypto industry. 2021 Coinbase IPO on NASDAQ Took Coinbase public with an $86B valuation, a first for a major crypto company. 2021 Time 100 Most Influential People Listed for his impact on mainstream crypto adoption. 2023 Launched Coinbase’s Layer-2 ‘Base’ Introduced a Layer-2 blockchain to enhance Ethereum scalability. Useful Links to Connect With Brian Armstrong Platform Link X (formerly Twitter) https://twitter.com/brian_armstrong LinkedIn https://www.linkedin.com/in/brianarmstrong Coinbase Official Website https://www.coinbase.com Brian Armstrong’s Personal Blog https://brianarmstrong.com   EntrepreneurInvestorDeveloper/ProgrammerCrypto and Blockchain Expert who sees Bitcoin as a potential reserve asset. Armstrong argues that if countries hold gold for financial stability, they should consider Bitcoin for its ability to reshape global finance. He believes that the U.S. adopting Bitcoin as a reserve could encourage other G20 countries to follow suit.

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•   Bitcoin Adoption Set to Skyrocket as 13 U.S. States Explore Strategic Reserves
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MARA Stays Committed

MARA’s focus on Bitcoin is not new. The company is one of the largest corporate holders of the cryptocurrency and continues to buy more to strengthen its position. This approach mirrors the strategy of other companies like MicroStrategy, which has invested billions in Bitcoin. Firms like Tesla, Block Inc., and Hut 8 Mining Corp. have also embraced Bitcoin as part of their financial strategies.

Bitcoin Market Reacts

The announcement has already impacted the market. Bitcoin’s price rose by 3.01% in the last 24 hours and is now trading at $105,681.75. At the same time, open interest in Bitcoin has increased by 3.90%, showing growing confidence among investors.

Fred Thiel’s plan to expand the Strategic Bitcoin Reserve has excited the crypto community. If successful, integrating Bitcoin into the financial framework of all 50 states could pave the way for broader adoption both in the U.S. and around the world.

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