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

Is Your Capital Following a Real Strategy? - Ad

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

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

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.

New Jersey US Attorney Fired After Being Chosen Over Former Trump Lawyer Alina Habba

The U.S. Attorney for the District of New Jersey, Desiree Leigh Grace, has been dismissed by the Justice Department.

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?

Charles Schwab To Launch Bitcoin, Ethereum Trading Services

Charles Schwab (NYSE:SCHW), one of the largest brokerage firms in the United States, has confirmed plans to launch Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO:

When Jamie Dimon's Daughter Asked If They Have To 'Sleep On Streets' After He Was Fired From Citigroup: 'It Was My Net Worth, Not My Self-Worth...'

Jamie Dimon, recently shared a personal anecdote about the day he was fired from Citigroup and the impact it had on his family and career.

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.

Trump to visit Federal Reserve headquarters as feud with its chair continues

WASHINGTON (AP) — President Donald Trump is visiting the Federal Reserve headquarters in Washington Thursday, a week after indicating that Fed chair Jerome Powell's on two Fed buildings could be grounds for firing.

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.

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.

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.

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.

Elon Musk's X Accused Of Algorithm Manipulation And 'Fraudulent Data Extraction' In France: Telegram's Pavel Durov Says Any Tech Company Can Now Be Called A 'Criminal Gang'

Telegram CEO Pavel Durov criticized France's criminal probe into Elon Musk's X, warning that labeling tech firms as "criminal gangs" threatens free speech and deters innovation.

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.

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.

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?

Parents of man who died in Colorado jail say nurses, deputies ignored his pleas for 15 hours

DENVER (AP) — The parents of a man who died alone in a Colorado jail cell after an ulcer burned a hole in his digestive tract and left him in what they said was excruciating pain for about 15 hours filed a federal lawsuit Monday, accusing the jail's nurses and sheriff's deputes of ignoring his cries for help.

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.

Britain and Australia to sign 50-year nuclear submarine treaty

MELBOURNE, Australia (AP) — Britain and Australia announced they will sign a cooperation treaty to build Australian nuclear-powered submarines and welcomed a review by administration of the United States' role in the trilateral defense deal.

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

Elevance Health and Waters led the weekly large-cap losers, hit by weak earnings, lowered guidance, and analyst downgrades.

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.

Oklo Stock Hit A New 52-Week High Today: What's Driving The Action?

Shares of advanced nuclear technology company Oklo are trading higher Thursday. The company announced a strategic alliance with Liberty Energy on Wednesday.

Alkermes Oral Drug Helps Patients Stay Awake In Mid-Stage Sleep Disorder Study

Alkermes' alixorexton met key endpoints in a Phase 2 trial for narcolepsy type 1, showing strong efficacy and tolerability across all doses.

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.

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 .

US automakers say Trump's 15% tariff deal with Japan puts them at a disadvantage

WASHINGTON (AP) — U.S. automakers are concerned about President Donald Trump's at 15%, saying they will face steeper import taxes on steel, aluminum and parts than their competitors.

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.

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.

Millions Over Morals: Survey Reveals Americans' Willingness To Sacrifice Love And Loyalty For Cash

A recent poll has uncovered that a significant number of Americans would willingly forsake love, betray friends, and even risk their own lives for a million-dollar windfall.

Back This Medical AI Tech

Back This Medical AI Tech - 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.

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.

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?

Edmunds: Five expert tips to make cross-country EV driving easy

The idea of a cross-country road trip in an electric vehicle might seem daunting. After all, it’s not hard to envision getting stranded on the side of the road with a depleted battery or being stuck in a parking lot, charging for hours. But there are ways to easily avoid these worst-case scenarios. The experts at Edmunds have plenty of experience driving electric vehicles, and here they share their five best tips on how to make cross-country driving in an EV easy.

$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.

The Surprising New Date That Could Fuel the AI Boom

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

The EU targets Russia's energy revenue and shadow fleet with new sanctions over the war on Ukraine

BRUSSELS (AP) — The European Union approved on Friday a new raft of sanctions against Russia over its , including a lower oil price cap, a ban on transactions with Nord Stream gas pipelines, and the targeting of more shadow fleet ships, EU foreign policy chief Kaja Kallas said.

Trending Now