Trump's Bitcoin Reserve Just 'Legitimized It'—Coinbase CEO Brian Armstrong Says G20 Nations Now Rushing To Build Their Own BTC Stockpiles

Kaustubh Bagalkote

July 29, 2025

Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong said other G20 nations are now examining Bitcoin (CRYPTO: BTC) reserves following President Donald Trump‘s establishment of a Strategic Bitcoin Reserve through executive order.

What Happened: “Now that the U.S. is doing this I think like the rest of the G20 countries and central banks are all starting to look at this. It just kind of instantly legitimized it,” Armstrong said Monday on the Shawn Ryan Show. The CEO noted that Trump’s move represents a dramatic shift from government skepticism just five years ago.

Trump signed an executive order in March creating the Strategic Bitcoin Reserve, funded entirely through existing government Bitcoin holdings obtained via criminal and civil asset forfeiture proceedings. White House AI and Crypto Czar David Sacks confirmed the reserve contains approximately 200,000 Bitcoin worth roughly $17 billion, requiring no taxpayer funding.

The reserve operates similarly to existing U.S. strategic stockpiles of gold, oil, palladium and rare minerals. Armstrong emphasized this historical context, calling it “a huge moment” that legitimizes Bitcoin as a strategic asset.

Trump has positioned himself as “the first crypto president,” declaring America must lead in financial technology to maintain global power. The executive order also established a U.S. Digital Asset Stockpile for other cryptocurrencies obtained through government proceedings.

See Also: Bitcoin Drops As Michael Saylor’s Strategy Halts Accumulation Streak; Ethereum, Dogecoin Also Dip: Analyst Expects ‘Violent’ Week Ahead

Why It Matters: The G20 comprises 19 countries plus the European Union and the African Union, representing the world’s major economies, including China, Japan, Germany, and the UK. Armstrong’s comments suggest broader institutional adoption may follow US leadership.

Corporate Bitcoin adoption continues to expand. MicroStrategy Inc. (NASDAQ:MSTR) leads with 607,770 Bitcoin, while Tesla Inc. (NASDAQ:TSLA) holds 11,509 Bitcoin according to Bitcoin Treasuries data. Trump Media & Technology Group Corp. (NASDAQ:DJT) ranks sixth with 18,430 Bitcoin.

Bitcoin traded around $118,895 as of Tuesday morning, up 0.03% as institutional accumulation patterns shift and markets await Federal Reserve policy decisions this week.

Read Next:

US Stocks Settle Mixed Following US-EU Trade Deal: Investor Sentiment Edges Lower, But Fear Index Remains In ‘Greed’ Zone

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo courtesy: Shutterstock

Recommended

How to Hack a $1.3T Market - Ad

Weiss Gold Veteran Makes Shocking New Call - Ad

Tap Into the $65B 'Shroom Boom' - Ad

Marjorie Taylor Greene has bought stocks multiple times in 2025 and her recent disclosure adds to one of the stocks that drew the biggest red flags in 2025.

Dan Bongino Stunned by FBI's Recent Corruption Findings: 'I'll Never Be the Same After Learning What I've Learned'

FBI Deputy Director Dan Bongino has expressed deep concern over the discoveries of government corruption and weaponization.

Back This Medical AI Tech

Back This Medical AI Tech - Ad

You don't often find healthcare tech company valued at $4M. HeartSciences is an exception. With $75M invested, including R&D, clinical trials, and product development, their patented AI software is approaching FDA submission, a potential major inflection point.

Texas AG claimed three homes as primary residence. Democrats are being probed for similar issue

WASHINGTON (AP) — Texas Attorney General Ken Paxton and his wife, Angela, are longtime owners of a $1.5 million house in a gated community outside Dallas. In 2015, they snapped up a second home in Austin. Then another.

Coldplay's jumbotron captures — what exactly? The internet has its theories

LONDON (AP) — It started out as a routine bit of fun at a Coldplay concert: Lead singer Chris Martin asked the cameras to scan the crowd for his “Jumbotron Song,” when he sings a few lines about the people the camera lands on.

FDA Submission Expected This Summer - Invest Before It Happens

FDA Submission Expected This Summer - Invest Before It Happens - Ad

This company is making heart disease easier to detect with AI. Their tech has officially been designated a "Breakthrough" by the FDA. You now have an opportunity to get in at a potential inflection point.

Paula Deen has abruptly closed the Savannah restaurant that launched her to Food Network fame

SAVANNAH, Ga. (AP) — Former Food Network star Paula Deen announced Friday the abrupt closure of the Savannah restaurant that launched her to fame with its menu of fried chicken, banana pudding and other indulgent Southern dishes.

AMD Stock Is Sliding Tuesday: What's Driving The Action?

Shares of Advanced Micro Devices are trading lower Tuesday afternoon. The stock is caught in a broader downturn affecting the semiconductor industry.

Better Than Bitcoin? (Top Crypto for Less Than $1)

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Over the past 15 years, Bitcoin has outperformed stocks, bonds, and every other asset you could've bought. 2025 is already shaping up to be another banner year, with Bitcoin recently hitting a new all-time high. But there's a better way to profit from this new crypto rally. Most people don't know about it... and yet it's returned over 1,000% in 4 months. This could be the #1 way to invest in crypto right now.

Marjorie Taylor Greene's Berkshire Hathaway Investment Falters After She Bought The Shares At April Lows — What If She Had Chosen Bitcoin Instead?

Rep. Marjorie Taylor Greene (R-Ga.) has been one of the most active stock investors from the political fraternity, and several of her trades have received significant media attention.

Is Costco Stock Topping Out? Key Price Levels To Watch

Costco stock (COST) may have formed a long-term peak. Adhishthana Principles suggest the next move could define the stock's future trajectory.

Is Your Capital Following a Real Strategy?

Is Your Capital Following a Real Strategy? - Ad

Trade with $100K-$200K funded capital-no manual trading. Our AI system skips charts, eliminates stress, and lands you funding. Thousands passed prop challenges with us. Apply now, book a call, and have $10K ready.

Trump-Backed DOJ Motion Seeks Release Of Jeffrey Epstein, Maxwell Grand Jury Transcripts

DOJ moves to unseal grand jury testimony related to Jeffrey Epstein and Ghislaine Maxwell following criticism over handling of documents.

Bitcoin Rises Amid Falling Dollar; Ethereum, Dogecoin Dip: Analyst Warns Gold Movement Toward All-Time High 'Not A Great Sign' For ETH, Altcoin Investors

Bitcoin rose, but other major coins pulled back Tuesday as investors weighed the implications of a falling U.S. dollar and yields on government debt.

Trading Isn't Your Job. Let the System Handle It.

Trading Isn't Your Job. Let the System Handle It. - Ad

HiveMind AI handles trades for you-based on logic, not gut instinct. Built by pro traders. Runs 24/7. No emotions. No second-guessing. Want to deploy capital smarter?

Nvidia's CEO Hits Beijing Like A Rockstar, Stirs Jensen-Mania In China

Nvidia CEO Jensen Huang receives a rockstar reception in Beijing during his most recent visit last week.

Creating realistic deepfakes is getting easier than ever. Fighting back may take even more AI

WASHINGTON (AP) — The phone rings. It's the secretary of state calling. Or is it?

Back the Biotech Company Unlocking Mushroom Health Benefits for All

Back the Biotech Company Unlocking Mushroom Health Benefits for All - Ad

Functional mushrooms can boost mental, gut, and immune health-but people can't grow them at home. One company is making it easy with a patent-pending kitchen device. Think Nespresso, but for mushrooms. The functional mushroom market is projected to nearly double by 2030.

Bitcoin Could Explode to $136,000 if This Happens, Says Analytics Firm

In a recent prediction by analytics platform Glassnode, Bitcoin‘s (CRYPTO: BTC) value could potentially surge by roughly 15%, reaching a staggering $136,000, if current demand continues. However, there is a possible hitch to this prediction.

Martin Luther King Jr. FBI Records Released By Trump Administration: Al Sharpton Says, 'Desperate Attempt' To Distract People From Epstein Firestorm

Trump administration released over 240,000 pages of FBI surveillance records on Martin Luther King Jr., sparking controversy among his family and civil rights organizations.

The Surprising New Date That Could Fuel the AI Boom

The Surprising New Date That Could Fuel the AI Boom - Ad

Trump's economic blueprint is about to go live, and the deadline is fast-approaching. A new federal plan could legally unlock $100 trillion in U.S. resources... and one $10 stock could lead the charge. Former hedge fund manager Whitney Tilson explains how to act now, before this hits the headlines.

Education Department says it will release billions in remaining withheld grant money for schools

WASHINGTON (AP) — The Trump administration is releasing billions of dollars in grants to schools for adult literacy, English language instruction and other programs, the Education Department said Friday.

Verizon Beats Expectations, Boosts Outlook — Here's Why Analysts Still See More Room To Grow

Verizon's Q2 results beat expectations, driven by wireless and broadband offerings. Analysts raised price targets, but net additions were lower.

How to Hack a $1.3T Market

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Alphabet (Google) Q2 Earnings Preview: Market Expert Says Mag 7 Stock 'Has Been Anything But' Magnificent

Alphabet stock trades nearly flat year-to-date in 2025. A strong Q2 report could see shares trade higher and closer to all-time highs.

How Palantir, Tempus, Nvidia-Backed Recursion Are Disrupting Big Pharma

AI-native players like Palantir, Tempus, and Recursion are disrupting drug discovery and attracting investors, while Big Pharma struggles.

Weiss Gold Veteran Makes Shocking New Call

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Europe's central bank to hold off on another rate cut until it knows how bad the tariff blow will be

FRANKFURT, Germany (AP) — The European Central Bank will likely hold off on making another interest rate cut Thursday, choosing to wait until it can measure the size of any economic blow from .

Business News Digest

AP Business Digest

Tap Into the $65B 'Shroom Boom'

Tap Into the $65B 'Shroom Boom' - Ad

People are rapidly discovering how mushrooms can enhance brain function, gut health, immunity, and more. The only thing holding them back? A simple way to grow them. Hypha Labs built a compact countertop device to solve exactly that.

Elon Musk's Tesla To Include Shareholder Proposal On xAI Investment In Proxy After Receiving Multiple Requests

Tesla confirmed it has received multiple shareholder proposals regarding a potential investment in Elon Musk's AI startup xAI.

Jamie Dimon Reveals A Coffee Table Chat With Jeff Bezos In 1999 That Almost Made Him 'Never Wear A Suit Again…Live On A Houseboat'

JPMorgan Chase CEO Jamie Dimon almost left Wall Street for Amazon in 1999 after a chat with Jeff Bezos, but ultimately stayed and became a successful investor.

Back This Medical AI Tech

Back This Medical AI Tech - Ad

Elizabeth Warren Sounds Alarm on Tariffs: 'The Impact of Six Months of Donald Trump Will Be Felt for Two Generations'

Sen. Elizabeth Warren has voiced concern over the long-term impact of President Trump's tariffs.

$500 Billion Stumble: SoftBank–OpenAI's Massive AI Vision Faces Setbacks

Stargate has run into major delays and now plans to build a much smaller facility by the end of 2025.

FDA Submission Expected This Summer - Invest Before It Happens

FDA Submission Expected This Summer - Invest Before It Happens - Ad

Wisconsin man pleads guilty to smuggling lab equipment to Russian companies

MADISON, Wis. (AP) — A Wisconsin man pleaded guilty Tuesday to smuggling lab equipment to Russian companies in violation of trade sanctions the United States imposed after Russia invaded Ukraine.

Is KBR About To Land An $8 Billion Indonesia Deal?

Indonesian Economic Minister announced plans for $8 billion refinery contract with KBR Inc., part of broader trade deal with US. $34 billion in potential deals.

Better Than Bitcoin? (Top Crypto for Less Than $1)

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Court rules Mississippi's social media age verification law can go into effect

A Mississippi law that requires social media users to verify their ages can go into effect, a federal court has ruled. A tech industry group has pledged to continue , arguing it infringes on users’ rights to privacy and free expression.

Trending Now

At 14, Jamie Dimon Owned His First Stock, Watched A 45% Market Crash Only To Learn This Investment Lesson: 'History Does Rhyme'

Peter Thiel Effect? Cathie Wood Pours $175 Million Into Bitmine Immersion Stock As Founders Fund Backing, Ethereum Spike Fuels Buzz

Tim Walz: Trump 'Brings Out the Worst in Me'

How to Hack a $1.3T Market - Ad

Trump Celebrates Stephen Colbert's Late Show Cancellation, Slams CBS And Calls Host Talentless Amid Paramount Settlement Controversy

Schlumberger, Stellantis And ASML Holding Are Among Top 10 Large Cap Losers Last Week (July 14-July 18): Are The Others In Your Portfolio?

Back This Medical AI Tech - Ad

Trump Slaps 35% Tariff On Canadian Goods, Hits 68 Other Nations With New Trade War Amid Fentanyl, Security, China Tensions

Takeaways from the AP's reporting on Trump's business deals

Trading Isn't Your Job. Let the System Handle It. - Ad

Mark Zuckerberg's Meta And Elon Musk's X Fight Back Against Efforts By Italy To Tax Free Access To Social Media In Exchange For Users' Personal Data

Trump Says $550 Billion Trade Deal With Japan Reached That Will Create 'Hundreds Of Thousands' Of Jobs: 'There Has Never Been Anything Like It' (CORRECTED)