ChainCatcher news, according to Beincrypto, one of Brazil's largest banks, Itaú, has announced an initial investment of $210 million to establish Oranje, a company that will specialize in the strategic accumulation of Bitcoin reserves. This new initiative emulates the business model of Strategy (formerly MicroStrategy). The project aims to create a robust BTC reserve, expand the brand, and provide a new investment model in Brazil.Oranje will become the first publicly listed company in Latin America focused on Bitcoin. The project aims to build a strong Bitcoin fund reserve, enhance brand influence, and offer innovative investment models for the Brazilian market. If the business plan is successfully implemented, the first-year target is to achieve a 45% return on Bitcoin investments. Oranje plans to adopt financing strategies such as debt issuance and stock sales, similar to those of Strategy.Additionally, the company promises to provide tax and operational conveniences for investors who wish to hold Bitcoin directly (without intermediaries). Its governance team includes well-known crypto figures Eric Weiss and Fernando Ulrich, and it is supported by Itaú's investment bank, Pinheiro Neto law firm, and one of the Big Four auditing firms.

ChainCatcher news, according to Cointelegraph, the Texas House will hold a public hearing on the "Bitcoin Strategic Reserve and Investment Act" on April 23.

ChainCatcher news, Blockstream co-founder Adam Back stated on X: "The impact of the U.S. Bitcoin strategic reserve statement is underestimated; it has profound implications for the social acceptance of Bitcoin. This statement marks the U.S. government's actual push for Bitcoin development and provides a new authoritative reference for sovereign wealth funds, pension funds, and mutual funds to allocate Bitcoin."

ChainCatcher news, Strategy (formerly MicroStrategy) founder Michael Saylor posted on the X platform that history will remember Trump for establishing the U.S. Bitcoin Strategic Reserve, which is a turning point in the financial and geopolitical landscape of the 21st century.

ChainCatcher news, U.S. Congressman Nick Begich tweeted: "It's time for America to become the first Bitcoin superpower."Begich stated that he is working with Wyoming Senator Cynthia Lummis (the sponsor of the "Bitcoin Strategic Reserve Act" and chair of the Senate Banking Committee's Digital Assets Subcommittee) on a "significant" (₿ig) Bitcoin-related initiative and hinted that details will be announced next Tuesday.

ChainCatcher news, CoinShares research director James Butterfill believes that the crypto community should not be disappointed that the U.S. Bitcoin strategic reserve has not further increased its Bitcoin holdings, as the establishment of this reserve itself is an important step in legitimizing Bitcoin as an asset.

ChainCatcher news, according to The Block, regarding the market's decline following Trump's Bitcoin strategic reserve executive order, Presto Research's research director Peter Chung stated, "BTC did not exhibit a parabolic response, indicating that there is a certain amount of 'buy the rumor, sell the news' activity in the market. The news has just been released for an hour, so the market may fluctuate in the coming hours as it digests various conflicting forces."LVRG Research director Nick Ruck pointed out that traders "feel disappointed" because the Bitcoin reserve announcement "is not as optimistic as they hoped," since the funds for the reserves will come from Bitcoin obtained through criminal or civil asset seizures, rather than Bitcoin purchased by the government. This statement became a sell-off news event as the discrepancy in expectations reduced the buying pressure anticipated in the cryptocurrency market.Meanwhile, Presto's Chung noted that it is worth paying attention to whether the U.S. will mention how to acquire more Bitcoin in a budget-neutral manner, as well as more details on how to handle non-BTC assets.

ChainCatcher news, White House AI and cryptocurrency chief David Sacks posted on social media that the executive order signed by President Trump also establishes a U.S. digital asset reserve, which includes digital assets other than Bitcoin seized in criminal or civil proceedings.Apart from assets obtained through the forfeiture process, the government will not acquire other assets for the reserve. The purpose of the reserve is to manage government digital assets under the leadership of the Treasury Department.

ChainCatcher news, Fox reporter Eleanor Terrett posted on X that Trump's executive order establishes two distinct digital asset storage mechanisms:Strategic Reserve that only stores Bitcoin (BTC): regarded as the best value storage digital asset.Initial funding source: approximately 200,000 Bitcoins obtained by the government over the years through criminal and civil forfeiture;Unique authorization: Treasury Secretary Bessent and Commerce Secretary Lutnick are authorized to explore ways to acquire more Bitcoins without increasing the taxpayer burden.Digital Asset Stockpile that includes other digital assets besides Bitcoin: may include XRP, ADA, ETH, SOL, and other assets.The Treasury is responsible for the "responsible management" of the digital assets held by the government;The government will only explore budget-neutral ways to purchase more Bitcoins and will not actively seek to increase the quantity of other digital assets in the stockpile;The executive order also requires a comprehensive audit of all digital assets currently held by the government to ensure asset management transparency.

ChainCatcher message, according to JPMorgan, the likelihood of approval for the U.S. strategic cryptocurrency reserve is less than 50%, and tokens like XRP, Solana (SOL), and Cardano (ADA) are unlikely to be included.Nikolaos Panigirtzoglou, Managing Director of Global Market Strategy at JPMorgan, stated in an interview: "We believe that the approval of the U.S. strategic cryptocurrency reserve is not the most likely scenario (assuming congressional approval is needed). Therefore, we think the likelihood is less than 50%."He added: "If the U.S. strategic cryptocurrency reserve is ultimately approved, it would be difficult to include smaller tokens beyond Bitcoin and Ethereum, as we pointed out in our report, including these tokens could raise more concerns about risks and volatility."The report also noted that similar state-level Bitcoin reserve proposals have failed in Montana, North Dakota, South Dakota, and Wyoming, where local legislators raised concerns about risks and volatility.

ChainCatcher news, according to Bitcoin Magazine, the Prime Minister of Bhutan believes that strategic reserve Bitcoin can fund national expenditures.

ChainCatcher news, according to Walter Bloomberg, although the Bitcoin strategic reserve plan proposed by Trump has gained support among some pro-cryptocurrency members of Congress, its recent feasibility is in question. Wyoming Republican Senator Cynthia Lummis, who introduced the related bill, acknowledged that the proposal lacks sufficient support in Congress.Lummis stated at the Bitcoin Investor Day event in New York that there is resistance even within the Republican Party. She quoted House Banking Committee Chairman Tim Scott's suggestion to delay implementation and pointed out that lack of preparation is a major obstacle.

ChainCatcher news, according to Bitcoin Magazine, legislative process documents show that the Texas Strategic Bitcoin Reserve and Investment Act has been listed on the Senate intent calendar on March 5, 2025, marking a step forward for the bill towards formal passage.The bill was previously reviewed by the Business and Commerce Committee on March 4, receiving overwhelming support with 10 votes in favor, 0 votes against, and only 1 person absent. The bill covers multiple areas, including finance, state fiscal management and control, auditing, currency trading, and public account auditing. The bill will establish the "Texas Bitcoin Strategic Reserve Advisory Committee," responsible for overseeing the management of the state's Bitcoin reserves.

ChainCatcher news, according to The Block, the U.S. crypto reserve may be announced on Friday at the first White House crypto summit. U.S. Secretary of Commerce Howard Lutnick stated that Trump is very interested in a Bitcoin strategic reserve, while other tokens may be treated differently. He revealed that under Trump's plan, Bitcoin will receive a "unique status."Howard Lutnick added, "The Bitcoin strategic reserve is something the president is interested in. He talked about it during the campaign, and I think you will see it implemented on Friday, so Bitcoin is one thing, other currencies, other crypto tokens, I think, will be treated differently—positively but differently."