Bitcoin Updates: Institutions Turn to Bitcoin to Offset Dollar Risks, Acquire 18,700 BTC in November

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Bitcoin Updates: Institutions Turn to Bitcoin to Offset Dollar Risks, Acquire 18,700 BTC in November

Bitget-RWA2025/11/24 19:58

By:Bitget-RWA

- U.S. institutions added 18,700 BTC in November via legislative reforms and corporate strategy shifts, including Rep. Warren Davidson's Bitcoin for America Act. - The bill enables tax payments in BTC to fund a Strategic Bitcoin Reserve, potentially adding 4.3 million BTC by 2045 if 1% of taxes are remitted in crypto. - Corporate actors like Metaplanet ($150M BTC purchase) and BitMine Immersion ($11.2B crypto holdings) are reclassifying BTC as a core treasury asset. - Despite $3.79B in ETF outflows and BTC

Demonstrating a notable rise in institutional trust, organizations in the United States increased their Bitcoin (BTC) reserves by 18,700 in November. This uptick was fueled by new legislative measures, shifts in corporate policies, and changing market conditions.

Bitcoin

As detailed in the report

, this growth aligns with the launch of Representative Warren Davidson’s Bitcoin for America Act. The proposed law would permit taxpayers to settle federal taxes using

BTC

, directing these payments into a Strategic Bitcoin Reserve created by executive order. Introduced on November 20, the act could potentially add as much as $14 trillion in value over twenty years if just 1% of federal taxes are paid in BTC,

based on projections from the Bitcoin Policy Institute

This legislation broadens the government’s means of acquiring BTC beyond asset seizures,

with federal agencies already holding 326,000 BTC from enforcement actions

. By enabling voluntary BTC tax payments to the IRS without incurring capital gains taxes, the bill encourages holders to contribute appreciated BTC directly to the reserve, eliminating the need to convert to cash first. This approach introduces a market-based inflow that

does not require the Treasury to make direct purchases

Corporations are also ramping up their BTC holdings.

Metaplanet, listed in Tokyo, disclosed a $150 million fundraising

to acquire BTC for its treasury, signaling a strategic shift from real estate to digital assets. Likewise,

BitMine Immersion (BMNR) reported combined crypto and cash assets

totaling $11.2 billion, which includes 3.63 million

Ethereum

(ETH) coins. These developments illustrate

a growing movement among firms to adopt BTC as a primary treasury reserve

to mitigate broader economic uncertainties.

Nonetheless, the market is encountering challenges.

U.S. spot BTC ETFs experienced unprecedented outflows of $3.79 billion

in November, with BlackRock’s IBIT accounting for $2.47 billion of the withdrawals.

This wave of selling coincided with BTC dropping

below $85,000, marking its weakest monthly showing since 2022.

Experts link the withdrawals to a shift toward risk aversion

amid hawkish signals from the Federal Reserve and ongoing regulatory uncertainty. Despite these setbacks, institutional BTC reserves continue to grow, with the Bitcoin Policy Institute estimating that 1% tax adoption could increase reserves by 4.3 million BTC by 2045

as noted in the report

Opinions among market watchers remain split.

Supporters believe accumulating BTC serves as a hedge on balance sheets

against dollar-denominated liabilities, while detractors point to the risks of holding volatile, non-yielding assets. Meanwhile, the Federal Reserve’s pause on rate reductions has

kept BTC trading between $60,000 and $80,000

through the end of the year, according to an XWIN analyst.

As circumstances continue to shift, the interaction between new legislation, corporate maneuvers, and market swings will determine BTC’s future path. With more institutions recognizing Bitcoin as a strategic reserve, the November spike in accumulation highlights a significant transformation in how traditional finance views and manages digital assets.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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