Bitcoin surged above $117,500 at this time, recovering from an area backside of $114,278 simply yesterday, in keeping with knowledge from Bitcoin Journal Professional. The sharp rebound comes after President Donald Trump formally signed a landmark government order that may permit cryptocurrencies reminiscent of 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 Alternate Fee (SEC), and different federal regulators to find out whether or not broader regulatory updates are wanted to help the coverage shift. The SEC can be particularly ordered to revise its personal guidelines to assist facilitate this entry, signaling a major transfer towards modernizing retirement funding choices for thousands and thousands of Individuals.
“President Trump needs to present 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, reminiscent of personal fairness, actual property, and digital belongings, supply 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” might be pouring in, he added.
“President Trump promised to make the USA 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 may convey 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 some of the important catalysts for Bitcoin adoption, including gas to an already sturdy wave of institutional curiosity that has been constructing for years. In line with asset supervisor Bitwise, whereas Bitcoin miners mined 217,771 BTC in 2023, establishments bought a staggering 913,006 BTC. The pattern has accelerated in 2025, with miners producing 97,082 BTC thus far this yr, whereas establishments have scooped up 545,579 BTC.
Institutional adoption continues to interrupt information. In 2023, simply 43 publicly traded firms held Bitcoin on their stability sheets. That quantity rose to 64 in 2024 and has now surpassed 160 in 2025, in keeping with Blockware.
Two firms 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 accumulate 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 mum or dad firm BTC Inc to construct the primary international community of Bitcoin treasury firms, the place BTC Inc offers sure advertising and marketing providers to Nakamoto. Extra info on this may be discovered right here.
