Bitcoin Updates: Crypto Tensions Escalate as Trump Moves to Surpass China in Bitcoin Strategy
- Trump administration unveils Bitcoin strategy to counter China and secure dollar dominance via Strategic Bitcoin Reserve and corporate adoption. - Strategy (formerly MicroStrategy) acquires 397 BTC, boosting holdings to $69.1B, surpassing most sovereign reserves through equity offerings. - Executive order halts crypto enforcement, creates seized-asset reserve while GENIUS Act rejects CBDC to prioritize private-sector innovation. - U.S. corporate Bitcoin holdings exceed $110B, but challenges include regul
The Trump administration has launched a comprehensive initiative to establish the United States as the dominant global
Strategy, recognized as the leading corporate purchaser of Bitcoin, revealed on November 3 that it had bought an additional 397
The company has financed these purchases through a series of at-the-market stock offerings, securing $69.5 million just last week. These funds were allocated directly to Bitcoin acquisitions, highlighting CEO Michael Saylor’s ongoing belief that Bitcoin is the “digital gold” of this century, as noted in
During remarks at the American Business Forum in Miami, Donald Trump described Bitcoin as a key pillar of America’s economic and security agenda. “America must lead in crypto, not China,” he asserted, pledging to end what he called the Biden administration’s “war on cryptocurrency.” Trump signed an executive order suspending federal crackdowns on crypto businesses and introduced the Strategic Bitcoin Reserve, which will consist of confiscated digital assets, as outlined in
The administration also enacted the
This U.S. approach comes as China continues to broaden its reach in the crypto industry, despite domestic prohibitions on trading and mining. While the Chinese government has prioritized its official digital yuan (e-CNY), it’s estimated that Chinese citizens collectively own 194,000 BTC—worth $20.7 billion—according to a
At the same time, the U.S. has become the world’s largest Bitcoin holder, with institutional investment accelerating across industries. Publicly listed firms now possess over $110 billion in Bitcoin, with Strategy’s holdings making up almost 3% of the total supply, as reported by a
Following the administration’s announcements, Bitcoin’s price has seen volatility, dropping below $109,000 soon after Strategy’s latest buy before settling near $111,000, as covered by Bitcoin Magazine. While corporate purchases have historically triggered price rallies, experts now emphasize that broader institutional participation and macroeconomic trends are increasingly shaping the market.
Senator Cynthia Lummis, a prominent supporter of cryptocurrency, has put forward a controversial proposal to liquidate Federal Reserve gold reserves in order to acquire 1 million bitcoins—a move she argues would eliminate the national debt and secure a strategic asset for the future, according to a
As the U.S. accelerates its efforts to lead in the crypto sector, obstacles persist. The ongoing government shutdown has stalled crucial regulatory measures, and America’s reliance on China for mining equipment and rare earth elements complicates the transition—issues also raised in the moomoo post. Nevertheless, with the Trump administration intensifying its focus on Bitcoin and corporations continuing to expand their reserves, the digital asset’s place in the global financial system appears increasingly secure.
---
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Updates: Fed Divided Over Rate Reduction Amid Conflicting Inflation and Employment Concerns
- Fed officials debate December rate cuts amid conflicting inflation data and labor market risks, with no consensus on policy path. - Short-term inflation expectations rose to 4.7% in Nov 2025, while long-term forecasts stabilized at 3.6%, reflecting cautious public confidence. - Government shutdown delays critical economic data, forcing policymakers to rely on limited information as officials warn against both high rates and rapid cuts. - Tech/industrial firms showed resilience with strong Q3 earnings, co
LUNA Rises 10.0% in a Day Despite Market Fluctuations
- LUNA surged 10.0% in 24 hours on Nov 7, 2025, but remains down 78.51% year-to-date amid broader crypto market declines. - Analysts attribute the short-term rebound to buying activity, yet highlight persistent bearish trends and macroeconomic uncertainties. - Technical indicators show LUNA trading below 50-day and 200-day moving averages, reinforcing the continuation of a long-term downtrend. - Backtesting suggests sharp price surges like LUNA's 5%+ daily gains historically lack sustained momentum without
European Central Bank to launch digital euro pilot phase starting in 2027
DeFi protocol Balancer suffers 128 million USD hack