Crypto Remains Under Pressure
The crypto and stock market remain to be under pressure with concerns over tariffs, growth slowing and lots of uncertainty. Some investors are speculating that Trump is pushing for lower interest rates so boost the economy and allow the US to refinance it's $7 trillion in debt. With markets showing weakness, more investors buying bonds instead of stocks and lower CPI numbers the Fed will be more likely to move rates down over the next several months, thus boosting the economy.
Over the last 3 months Trump had been demanding the Fed cut rates but Powell has not moved, so more risk and uncertainty being pushed into the market will make Powell action sooner than later and accomplish Trumps ultimate goal of lower rate. To recap investor are expecting uncertainty and pressure on crypto and stock in the short term to push rates lower and see a large recovery toward Q3 and Q4.
Lummis Wants to Buy 1 Million Bitcoin
US Senator Cynthia Lummis reintroduced her BITCOIN act Tuesday, March 11 in an effort for the government to potentially hold more than 1 million Bitcoin in its newly established reserve.
The bill, the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025, was initially introduced in July 2024 and would’ve seen the US buy 1 million BTC, split across buys of 200,000 BTC a year for five years.
The revamped bill opens the door for the US to acquire and hold in excess of 1 million BTC as long as it is acquired through lawful means at no cost to the taxpayers. Lummis also stated that Trump is in full support of this act.
Strategy (MSTR) Raising $21 Billion to Buy More Bitcoin
Michael Saylor’s firm, Strategy, will offer $21 billion of 8.00% Series A Preferred Stock as a means of adding more to its Bitcoin stockpile. Saylor expects to make sales of perpetual strike preferred stock over an extended period of time considering price and volumes. This offering will not dilute MSTR stock and will all revolve on the preferred stock (STRK).
This is another big move for Saylor raising billions more to buy Bitcoin, keep in mind he attended the close door crypto summit last week. Seems like he liked what he heard and want to buy more Bitcoin as soon as possible. Saylor is definitely on the inside of what Trump and his colleagues are planning.
Quick Hits
- Rumble buys $17 million in Bitcoin
- Metaplanet buys $13.5 million in Bitcoin
- Coinbase CEO reporting more governments are signing up since the US Bitcoin Reserve.
- Russia central bank considering domestic investors to buy Bitcoin
