Strategic Bitcoin Reserve (SOL: $SBR) is a meme coin inspired by Trump’s promise to create a US strategic Bitcoin reserve. The idea of a US Bitcoin reserve has been gaining traction in recent weeks, and the meme coin aims to create a community of supporters of this idea.
A US Strategic Bitcoin Reserve
During the campaign period, President Trump promised he would consider the creation of a strategic Bitcoin Reserve. On January 23, 2025, Trump signed an executive order creating a Presidential Working Group on Digital Asset Markets.
While the executive order does not explicitly talk about a Bitcoin reserve, it marks the first time that the crypto industry has been a platform at the highest level of policymaking. However, enthusiasm seems to be faltering after initially rising to over 50% on Polymarket; the odds of a Strategic Bitcoin Reserve stand at 21% as of Friday, January 24, 2025.
In a January 23, 2025 post on X, Coinbase CEO Brian Armstrong urged the US to create a Bitcoin Reserve. He noted that if the US created one, other G20 would follow suit. The CEO added that in the next 5 to 10 years, the market of Bitcoin could surpass that of gold. He also urged all countries currently holding gold reserves to have at least 11% of that reserve in Bitcoin.
An article posted on the same day noted that it was not just the Federal Government considering a Bitcoin Reserve. Nearly a dozen US states were seriously considering creating their own Bitcoin reserves. Thus far, the states of Wyoming, Utah, Texas, Pennsylvania, Oklahoma, Ohio, North Dakota, New Hampshire, and Massachusetts had all introduced such legislation. Additionally, it has been widely reported that Florida plans to introduce legislation for a Bitcoin reserve in 2025.
Opposition To Strategic Bitcoin Reserve
In a January 23, 2025 post on X, Riot Platforms VP Pierre Rochard claimed that Ripple Labs was the biggest obstacle to the creation of a Strategic Bitcoin Reserve. Rochard claimed that Ripple Labs had spent millions of dollars lobbying the Biden administration to crack down on Bitcoin mining.
In another post on X, Rochard stated that Ripple Labs was hoping Kamala would win so that the US could adopt a Central Bank Digital Currency (CBDC) using their technology.
In response, Ripple Labs CEO Brad Garlinghouse stated that the company’s lobbying efforts were aimed at the entire digital assets industry, including a Bitcoin reserve. Â
Strategic Bitcoin Reserve Market Performance
$SBR has made huge gains in recent weeks following Trump’s swearing-in. Over the past month, the meme coin is up 297.7% to $0.004263. It has a market cap of $4,338,979, with a 24-hour trading volume of $50,480,888, which is over ten times the market cap.
SBR tokens peaked on January 20, 2025, at $0.02493 and have since fallen 82.6% as investors take profit. Since its all-time low of $0.0007525 on December 30, 2024, the token has gained a whopping 477.3%.
The token has outperformed the global crypto market, which is down 0.90% in the past week, compared to the 75.80% gains of $SBR in the same period. It has also outperformed the overall meme coin market, which is down 2.70% in the past week.
$SBR has a maximum supply of 999,999,999, with a circulating supply of 999,939,021 tokens.
Social Media Following
The $SBR token has a massive following, with 3,465 members on Telegram. According to the on-chain data, there are over 9.46K holders, with over 405,684 on-chain transactions to date.
Should You Add Strategic Bitcoin Reserve To Your Portfolio?
While many were hoping the creation of a US Bitcoin reserve would be a top priority for Trump, his attention has been focused on other matters, including geopolitical matters. However, the recent executive order creating a crypto working group shows his administration’s commitment to the crypto sector. As such, holding $SBR in your portfolio now while it is on the ground floor could potentially lead to huge gains when solid plans for a Strategic Bitcoin reserve are announced.
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