In addition to the earlier discussion we had about Senator Lummis advocating for the sale of gold for a U.S. Strategic Bitcoin Reserve, President-elect Donald Trump has nominated Howard Lutnick, a well-known Bitcoin supporter and CEO of Cantor Fitzgerald, to head the U.S. Department of Commerce. Lutnick, an advocate for crypto and stablecoin regulation, has emphasized Bitcoin's global role, likening it to gold.
In response, Howard Lutnick shared his gratitude in a recent tweet, stating:
Thank you, President Trump, for your trust in me to help Make America Great Again. As the next Secretary of Commerce, I will join the best administration the U.S. has ever seen and unleash our full economic potential.
However, it is important to note that Lutnick's firm, Cantor Fitzgerald, serves as a custodian for Tether and holds reserves in Bitcoin, U.S. Treasuries, and gold. While some had hoped Lutnick would lead the Treasury Department, his focus as Commerce Secretary will center on economic innovation and job creation, pending Senate confirmation.
On the other hand, Japanese investment firm Metaplanet saw a 15% surge in stock value following the purchase of 124.1 BTC at $91,266 each, totaling $11.3 million. The firm now holds 1,142.2 BTC, valued at approximately $105 million.
Furthermore, Metaplanet's stock has skyrocketed by 1,180% year-to-date, adopting a strategy similar to MicroStrategy's treasury model. MicroStrategy remains the largest corporate Bitcoin holder, with 331,200 BTC, valued at over $30 billion.
Securitize has unveiled the "sToken," a novel solution for liquidity in real-world assets while earning yield using the ERC-4626 standard. BlackRock's BUIDL token, backed by U.S. Treasuries, debuted on the platform, allowing asset holders to mint synthetic dollars while retaining yields from underlying assets.