Greetings Bitcoiner,

Welcome to the Bitcoin Breakdown daily newsletter, where we’re 🎊 celebrating our 200th issue 🥳 as well as rounding up the most talked-about developments in the Bitcoin-only space from the past weekend with our Quick Bits and Quick Media sections.

But first, today’s Top Stories:

• 🇫🇷 France To Allocate Up To 10% Of Its Reserves To BTC?

• 🍗 Kentucky Senate Bill To Secure Bitcoin Self-Custody

• 🏛️ Bill to Hodl Trump's Bitcoin Stack Permanently

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Mar 17, 2025

TODAY’S TOP STORIES

🇫🇷 France To Allocate Up To 10% Of Its Reserves To Bitcoin?

François Asselineau, a French presidential candidate, has come out advocating for France to allocate up to 10% of its national reserves to BTC in order to counter the endless money printing by central banks globally. Asselineau sees BTC as a tool to resist the erosion of financial freedom. He argues that Bitcoin's fixed supply of 21M units offers protection against the inflationary tendencies of traditional fiat currencies. Clever guy. Cointribune

🍗 Kentucky Senate Bill To Secure Bitcoin Self-Custody

Kentucky's Senate unanimously passed a bill protecting Bitcoin self-custody and mining rights, sending it to the Governor's desk for final approval. The bill ensures individuals can use self-hosted wallets and prevents discriminatory zoning laws against digital asset mining businesses. Additionally, it exempts home miners from money transmitter licensing and clarifies that mining and staking services are not securities. If signed, Kentucky will join other Bitcoin-friendly states in the US. Bitcoin Magazine

🏛️ Bill to Hodl Trump's Bitcoin Stack Permanently

Representative Byron Donalds introduced a bill to make President Trump's executive order on a Strategic Bitcoin Reserve permanent, preventing future administrations from reversing it. The bill mandates a purchase plan of 200,000 BTC annually for five years, aiming for a total of 1M BTC, integrating it with national economic strategies via the Exchange Stabilization Fund. Donalds views bitcoin as a crucial store of value, vital for enhancing America's global economic standing. Bitcoin News

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QUICK BITS

• North Korea surpasses El Salvador and Bhutan in BTC holdings following the $1.4B Bybit hack last month.

• The Bank of Korea says it won’t add BTC to its foreign exchange reserves, citing its high volatility and potential non-compliance with IMF guidelines.

• France central bank governor believes that the US is inviting a ‘financial crisis’ by embracing Bitcoin and crypto.

• Michael Saylor, Strategy Chairman, equates Bitcoin to an ‘Orange Dwarf (star)' that is growing stronger, hotter, and denser as it attracts capital to it.

• Strategy acquires 130 BTC for $10.7M, raising total holdings to 499,226 BTC, with a YTD BTC yield of 6.9% in 2025.

• Rex Shares launches the first BTC corporate treasury convertible bond exchange-traded fund, providing exposure to bonds issued by companies like Strategy which incorporates BTC into their treasury.

• Survey from left-leaning pollster Data For Progress show that only 10% support increasing federal funding for a ‘crypto’ strategic reserve.

• Goldman Sachs acknowledges Bitcoin and crypto for the first time ever in its annual shareholder letter.

• OpenSats announces the tenth wave of grants for six Bitcoin projects, including Bitcoin Safe, Stable Channels, Waye, Floresta, Krux, and Krux-Installer.

• Survey reveals that 30% of Russian banks are hesitant to support CBDC adoption, citing outdated infrastructure and cybersecurity risks.

• Bolivia's state energy firm YPFB turns to Bitcoin and crypto to secure fuel imports amid dollar and fuel shortages.

• Brazilian politician introduces a bill to allow workers to receive up to 50% of their salary in Bitcoin or crypto.

• Angel investor Jason Calacanis' 'build a better Bitcoin' remark on 𝕏 sparks huge backlash from Bitcoiners on the platform.

• Authorities in Irkutsk, Russia, seize 96 bitcoin mining machines from an orphanage, citing safety violations and legal breaches.

• OKX suspends its DEX aggregator services amid an EU probe after Lazarus Group used the platform to launder funds from the $1.5B Bybit hack.

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QUICK MEDIA

• Fred Thiel, CEO of Marathon, explains how miners can shut off instantly to balance power supply, making them a strategic asset for grid stability and AI expansion (Mar 15 | 0:57 min watch). 

• Matthew Kratter of Bitcoin University discusses the US debt crisis and examines the proposed 'BitBonds' as a solution, combining Bitcoin investments with Treasury bonds to lower borrowing costs and create a Strategic Bitcoin Reserve (Mar 14 | 11:26 min watch). 

• 21 Futures: Financial Fallout, the second volume of the 21 Futures Bitcoin fiction anthology, publishes a new trailer for its launch (Mar 14 | 0:18 min watch).

• Gemini celebrates the US Strategic Bitcoin Reserve with 1,000 drones forming Bitcoin’s logo, making it the largest aerial display of a currency symbol ever (Mar 14 | 3:23 min watch). 

• Scott Bessent, Treasury Secretary, in an appearance on Fox News, says that the current administration aims to make the US the digital asset hub of the world (Mar 17 | 7:04 min watch). 

• Michael Saylor appears on CNBC to explain how MicroStrategy's bonds outperform BTC, offering similar returns with reduced risk (Mar 14 | 6:20 min watch). 

• JAN3 updates its nation-state Bitcoin adoption globe tracker to reflect the latest US Strategic Bitcoin Reserve (Mar 15 | 0:20 min watch). 

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