Bitcoin surged above $117,500 at the moment, recovering from a neighborhood backside of $114,278 simply yesterday, in line with knowledge from Bitcoin Journal Professional. The sharp rebound comes after President Donald Trump formally signed a landmark government order that will enable cryptocurrencies comparable to Bitcoin to be included in 401(okay) retirement accounts.
The order directs the Division of Labor to revisit its present steerage on fiduciary tasks in ERISA-governed plans and make clear the suitable course of for providing diversified funds that embrace different investments.
Moreover, the order instructs collaboration between the Division of Labor, the Treasury Division, the Securities and Change Fee (SEC), and different federal regulators to find out whether or not broader regulatory updates are wanted to assist the coverage shift. The SEC can be particularly ordered to revise its personal guidelines to assist facilitate this entry, signaling a big transfer towards modernizing retirement funding choices for thousands and thousands of People.
“President Trump needs to offer American staff extra funding choices as a way to attain stronger and extra financially safe retirement outcomes,” the White Home reality sheet said. “Different belongings, comparable to non-public fairness, actual property, and digital belongings, provide aggressive returns and diversification advantages.”
Galaxy Digital CEO Mike Novogratz underscored the influence of this, stating {that a} “monster pool of capital” will get publicity to Bitcoin and crypto because of Trump’s government order. “Tons of cash” will likely be pouring in, he added.
“President Trump promised to make america the ‘crypto capital of the world,’ emphasizing the necessity to embrace digital belongings to drive financial progress and technological management,” the actual fact sheet concluded.
Bitwise’s Head of Analysis Ryan Rasmussen confirmed how a lot worth this government order might carry into bitcoin, stating, “If crypto captures X% of the $8 trillion 401k market:
1% … $80 billion
2% … $160 billion
3% … $240 billion
4% … $320 billion
5% … $400 billion
6% … $480 billion
7% … $560 billion
8% … $640 billion
9% … $720 billion
10% … $800 billion”.
This coverage shift is poised to turn out to be probably the most vital catalysts for Bitcoin adoption, including gasoline to an already sturdy wave of institutional curiosity that has been constructing for years. In accordance with asset supervisor Bitwise, whereas Bitcoin miners mined 217,771 BTC in 2023, establishments bought a staggering 913,006 BTC. The development has accelerated in 2025, with miners producing 97,082 BTC to date this yr, whereas establishments have scooped up 545,579 BTC.
Institutional adoption continues to interrupt data. In 2023, simply 43 publicly traded corporations held Bitcoin on their stability sheets. That quantity rose to 64 in 2024 and has now surpassed 160 in 2025, in line with Blockware.
Two corporations main the brand new company Bitcoin treasury race are David Bailey’s Nakamoto and Jack Mallers’ Twenty One Capital. Nakamoto’s deliberate merger with KindlyMD—set for approval by Monday, August 11—would allow it to amass a whole bunch of thousands and thousands in bitcoin, after elevating $763 million to buy BTC for its reserves. Twenty One Capital, in the meantime, already holds 43,514 BTC, making it the third-largest company Bitcoin holder worldwide.
Disclosure: Nakamoto is in partnership with Bitcoin Journal’s guardian firm BTC Inc to construct the primary world community of Bitcoin treasury corporations, the place BTC Inc offers sure advertising and marketing providers to Nakamoto. Extra info on this may be discovered right here.
