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The Feds Want 1 Million Bitcoin
Published 4Β months, 2Β weeks ago
Description
A bipartisan duo just introduced a bill to codify a 1M-BTC Strategic Bitcoin Reserve into law β with a mandatory 20-year holding period and self-custody protections for everyday Americans.
In this episode of Good For Bitcoin, Brandon and Kate discuss:
- π Happy Bitcoin Pizza Day β 16 years since Laszlo's 10,000 BTC for two pizzas.
- Strategy adds 24,869 BTC and now sits on 843,738 BTC β roughly 4% of all Bitcoin that will ever exist.
- SpaceX's IPO filing reveals 18,712 BTC on the balance sheet β more than Coinbase, Strive, and even Tesla.
- Tether buys SoftBank out of Twenty One (Jack Mallers' Strike-adjacent treasury vehicle) for ~$780M.
- Nakamoto runs a 40-for-1 reverse split to dodge a Nasdaq delisting β Brandon exits both Nakamoto and 21 and goes Bitcoin-only.
- The American Reserve Modernization Act (ARMA): bipartisan support, up to 200,000 BTC acquired per year over five years, budget-neutral, 20-year lockup, quarterly proof-of-reserves, and a self-custody guarantee.
- Prime Trust's bankruptcy estate sues Swan ($970M) and Strike ($150M) for clawbacks β part of 99 lawsuits aimed at the broader industry.
- Glassnode: 30.2% of all Bitcoin sits in addresses with exposed public keys β mostly from address reuse.
- Iran launches "Hormuz Safe," a Bitcoin-backed insurance product for ships transiting the Strait of Hormuz.
- Galaxy Digital scores a NY BitLicense, and Minnesota authorizes banks and credit unions to offer Bitcoin custody.
- We secured @goodforbtc on X β go follow and help us get verified.
Hosts:
- Brandon Marshall β @marshallmixing
- Kate Parkman β @katemparkman
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