Fred Thiel, CEO of Marathon Digital Holdings (MARA), has announced an ambitious plan to create a Strategic Bitcoin Reserve (SBR) that will span all 50 U.S. states and the federal government.

Jayson Browder, MARA's Senior Vice President of Government Affairs, emphasized that advancing the SBR initiative is a top priority for the company, which is actively engaging with the Trump Administration to support this effort.

This initiative aligns with the Trump administration's vision of establishing the U.S. as a Bitcoin powerhouse, as evidenced by eleven states, including Florida and Wyoming, introducing legislation to support Bitcoin reserves.

MARA Holdings plans to bolster its efforts by supporting Bitcoin-focused advocacy groups, enhancing their initiatives to promote the Strategic Bitcoin Reserve.

The overarching goal of this initiative is to integrate Bitcoin into national financial policies, showcasing MARA's commitment to the cryptocurrency sector.

Coinbase CEO Brian Armstrong believes that the establishment of a Bitcoin Strategic Reserve by the U.S. could inspire other G20 nations to adopt similar measures, expressing optimism about the future of cryptocurrency under the current administration.

As one of the largest corporate holders of Bitcoin, MARA follows in the footsteps of companies like MicroStrategy and Tesla, which have also integrated Bitcoin into their financial strategies.

Following the announcement of the SBR plan, Bitcoin's price surged by 3.01% to $105,681.75, with Open Interest increasing by 3.90%, reflecting rising investor confidence in the cryptocurrency market.

Despite a 36.70% decline in its 24-hour trading volume, Bitcoin's recent price recovery indicates a positive shift in market sentiment, partly fueled by MARA Holdings' initiatives.

Thiel's SBR plan has energized the crypto community, potentially marking a significant turning point for Bitcoin's acceptance as a key asset in the financial system.

MARA is actively collaborating with advocacy groups and policymakers to ensure the nationwide expansion of the SBR initiative remains a priority on their agenda.

Armstrong advocates for Bitcoin as a reserve asset, suggesting that nations currently holding gold should also consider Bitcoin for its transformative potential in the financial landscape.