Bitcoin surged above $117,500 at present, recovering from an area backside of $114,278 simply yesterday, in accordance with information from Bitcoin Journal Professional. The sharp rebound comes after President Donald Trump formally signed a landmark govt order that will enable cryptocurrencies akin to Bitcoin to be included in 401(ok) retirement accounts.
The order directs the Division of Labor to revisit its present steerage on fiduciary duties in ERISA-governed plans and make clear the suitable course of for providing diversified funds that embrace various investments.
Moreover, the order instructs collaboration between the Division of Labor, the Treasury Division, the Securities and Trade 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 also be particularly ordered to revise its personal guidelines to assist facilitate this entry, signaling a major transfer towards modernizing retirement funding choices for hundreds of thousands of Individuals.
“President Trump needs to provide American employees extra funding choices to be able to attain stronger and extra financially safe retirement outcomes,” the White Home reality sheet acknowledged. “Various property, akin to non-public fairness, actual property, and digital property, supply aggressive returns and diversification advantages.”
Galaxy Digital CEO Mike Novogratz underscored the impression of this, stating {that a} “monster pool of capital” will get publicity to Bitcoin and crypto on account of Trump’s govt order. “Tons of cash” will likely be pouring in, he added.
“President Trump promised to make the US the ‘crypto capital of the world,’ emphasizing the necessity to embrace digital property to drive financial progress and technological management,” the very fact sheet concluded.
Bitwise’s Head of Analysis Ryan Rasmussen confirmed how a lot worth this govt order might deliver 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 change into some of the important catalysts for Bitcoin adoption, including gasoline to an already robust wave of institutional curiosity that has been constructing for years. In response to 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 accordance 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 amass a whole bunch of hundreds of 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 mother or father firm BTC Inc to construct the primary international community of Bitcoin treasury firms, the place BTC Inc offers sure advertising providers to Nakamoto. Extra data on this may be discovered right here.
