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The Feds Want 1 Million Bitcoin

The Feds Want 1 Million Bitcoin

Published 5 days, 3 hours ago
Description

A bipartisan duo just introduced a bill to codify a 1M-BTC Strategic Bitcoin Reserve into law — 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:

  • 🍕 Happy Bitcoin Pizza Day — 16 years since Laszlo's 10,000 BTC for two pizzas.
  • Strategy adds 24,869 BTC and now sits on 843,738 BTC — roughly 4% of all Bitcoin that will ever exist.
  • SpaceX's IPO filing reveals 18,712 BTC on the balance sheet — 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 — 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 — part of 99 lawsuits aimed at the broader industry.
  • Glassnode: 30.2% of all Bitcoin sits in addresses with exposed public keys — 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 — go follow and help us get verified.


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