Bitcoin price rose to an intraday high of $102,088 earlier this Thursday, rising to the highest level since January 7.

This comes in the middle Speculation The Bitcoin Strategic Reserve could be announced as early as next Monday.

However, Polymarket sees only a 37% chance of establishing such a reserve in early 2025 contrary to some expectations within the community.

The US government can sell 70,000 bitcoins

As reported by U.Today, the US government recently received court approval to liquidate a total of 70,000 Bitcoins seized from the Silk Road hacker.

Senator Cynthia Lummis of Wyoming, who introduced the controversial bill to create a strategic reserve for bitcoin last July, recently said she had “serious concerns” about the sale.

“The US government cannot continue to deny the value of Bitcoin and digital assets; they are costing taxpayers billions. I have sent a letter to the US Marshals Service asking why they plan to sell nearly 70,000 Bitcoin.” He said.

Nation-state interested in Bitcoin ETF

Meanwhile, Bitwise CEO Hunter Horsley revealed that the nation-state is interested in exposure to Bitcoin ETFs.

“We just provided some information to a nation state asking about Bitcoin ETFs. Considering moving some exposure from foreign currency government bonds into Bitcoin. Bitcoin is entering a new chapter<” he said.

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