U.S. needs to audit its Bitcoin and start buying more, says Bitcoin Bond CEO
Pierre Rochard, CEO of The Bitcoin Bond Company and Steward of Catholic Bitcoiners says the United States needs to get serious about Bitcoin — starting with a full audit of how much BTC the government actually owns.
Speaking with Scott Melker on TheStreet Roundtable, Rochard said the U.S. must treat Bitcoin like a strategic asset, adding, 'To my knowledge, I was the first person to come up with the term of a strategic Bitcoin reserve… back in 2020.'
Now, with talk of an executive order to formalize that concept, Rochard believes it's time to shift focus toward accumulation. 'The issue is going to be how do we accumulate Bitcoin in a budget neutral manner?' he said, noting that Trump has tasked key figures like Lutnick and Bessent with identifying a path forward.
Rochard called for greater transparency around existing BTC holdings. 'The first step is to audit what Bitcoin do we currently hold and what has the Biden administration done during their four years?' he said. 'It was very opaque as to how they were disposing of the Bitcoin on the U.S. balance sheet.'
He added that the findings could motivate a new accumulation push: 'We need to make up for past mistakes and we need to find a way to aggressively accumulate Bitcoin.'
One idea, presented by Andrew Haines at the recent Bitcoin for America Summit, is to use Bitcoin-linked treasury bonds — similar to how MicroStrategy issues debt to acquire BTC.
'What we could do from a U.S. Treasury perspective would actually not just be budget neutral, but budget positive,' Rochard explained. The concept: issue traditional treasury bonds where 90% of proceeds fund standard obligations and 10% go toward BTC, giving investors long-term upside.
'This really is a great way to look at what Michael Saylor's doing with MicroStrategy and apply that corporate approach to a sovereign grade approach,' he said. 'We can actually lower the interest cost for the treasury.'
Rochard sees this as a win-win: 'Give bond investors Bitcoin upside… and build a strategic Bitcoin reserve that secures America's financial future.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
an hour ago
- Forbes
More Crypto IPOs Are Coming: 3 Initial Public Offerings To Watch For
INDIA - 2024/04/07: In this photo illustration, a Bitcoin Logo seen displayed on a smartphone with ... More the Wall Street - New York Stock Exchange logo in the background. (Photo Illustration by Avishek Das/SOPA Images/LightRocket via Getty Images) Circle, the issuing company of the USDC Stablecoin, went public last week under the ticker 'CRCL'. The company's stock surged over 168% during its first day of trading, blowing investor expectations out of the water. Their wildly successful listing will likely trigger a rush of additional crypto companies to list or accelerate their plans to go public. I've put together a list of the top 3 crypto-related public listings that will likely make headlines in the months to come. Before we get to the list, let's quickly review the numbers of Circle's recent listing to grasp just how impressive the outcome was for its investors. Circle first announced its plans to go public on May 27th, 2025, though the company had filed for an S-1 registration with the SEC back in January 2024, which signalled its intention to go public. The company was initially targeting to raise $624 million by offering 24 million shares as part of its listing transaction. During the road show, the price was estimated at $24-$26 per share. Due to strong demand, the company increased the offering to 32 million shares at $27-$28 per share, upping the amount raised to $896 million. Even at the increased valuation, the company received 25 times more demand for the shares than expected, meaning the deal was 25 times oversubscribed. To put this in context, this implies that there was demand for ~850 million shares vs the 34 million that Circle was offering for sale. Part of the excitement came from the fact that ARK Invest and Blackrock had strong demand to invest. Circle finally penned the deal by selling 34 million shares at $31 per share, raising a total of $1.05 Billion and valuing the company at $8.1 Billion on a fully-diluted basis. During the first day of trading, the company's share price rose by 168%, closing the day at $81.69. This valued the company at ~$20 billion. While the excitement around Circle's IPO is partly rooted in the optimism surrounding U.S. dollar pegged stablecoins, the deal also implies strong investor interest to participate in the future of the digital economy that's being built around Bitcoin and digital assets. You can bet that other companies in the space are observing the deal with optimism and will likely work to accelerate their plans to list this year. Here are the top 3 companies that have announced or reported plans to list in the months ahead: Gemini As reported three days ago, the U.S.-based crypto exchange owned by Tyler and Cameron Winklevoss, filed for an Initial Public Offering (IPO) in the U.S.. In terms of projected valuation, the company has not yet reported a price, but its last priced round back in November 2021 valued the company at $7.1 Billion. The estimated listing date is late 2025 or early 2026. Kraken The San Francisco-based exchange has also been reportedly getting ready for an IPO in early 2026, although no formal registration has been filed. The company's last priced round was all the way back in 2019, when it raised $13.5 Million at a $4 Billion valuation. The company has reportedly been working with banks to complete a debt offering to boost growth ahead of the listing. Bitgo Back in February the U.S. based custodian was reported to be eyeing an IPO 'as early as this year', though no formal registration has been filed yet. Bitgo's last priced round was done in August 2023, valuing the company at $1.75 Billion. These are just three companies-- after Circle's warm welcome, you can bet that there will be more announcing plans to list soon. In a market where Bitcoin Treasury company stocks and Bitcoin ETFs are performing so well, equity from companies that provide the infrastructure for the industry seems like a logical next step.
Yahoo
3 hours ago
- Yahoo
US-China trade talks to resume for a second day
By Kate Holton and Alistair Smout LONDON (Reuters) -Top U.S. and Chinese officials will resume trade talks for a second day in London on Tuesday, hoping to secure a breakthrough over export controls for goods such as rare earths that have threatened a global supply chain shock and slower economic growth. Investors are hoping that the two superpowers can improve ties after the relief sparked by a preliminary trade deal agreed in Geneva last month gave way to fresh doubts after Washington accused Beijing of blocking exports that are critical to sectors including autos, aerospace, semiconductors and defence. The talks come at a crucial time for both economies, with customs data showing that China's exports to the U.S. plunged 34.5% in May, the sharpest drop since February 2020, when the outbreak of the COVID-19 pandemic upended global trade. While the impact on U.S. inflation and the jobs market has so far been muted, the dollar remains under pressure from U.S. policymaking. The two sides met at the ornate Lancaster House in the British capital on Monday to discuss disagreements around the Geneva deal, and are due to resume talks early on Tuesday before both sides are expected to issue updates. The U.S. side is led by U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer, while the Chinese contingent is helmed by Vice Premier He Lifeng. The inclusion of Lutnick, whose agency oversees export controls for the U.S., is one indication of how central rare earths have become. China holds a near-monopoly on rare earth magnets, a crucial component in electric vehicle motors. Lutnick did not attend the Geneva talks at which the countries struck a 90-day deal to roll back some of the triple-digit tariffs they had placed on each other. Trump's often erratic policymaking on tariffs has roiled global markets, sparked congestion and confusion in major ports, and cost companies tens of billions of dollars in lost sales and higher costs. The second round of meetings between the two sides comes four days after Trump and Xi spoke by phone, their first direct interaction since Trump's January 20 inauguration. Following the call Trump said Xi had agreed to resume shipments to the U.S. of rare earths minerals and magnets, and Reuters reported that China has granted temporary export licenses to rare-earth suppliers of the top three U.S. automakers. But tensions remain high over the export controls, after factories around the world started to fret that they would not have enough of the materials they need to keep operating. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
4 hours ago
- Yahoo
Why eToro's IPO took four years to list in the US
Why eToro's IPO took four years to list in the US originally appeared on TheStreet. eToro finally made its US debut on May 14, 2025 — four years after first filing for a listing in 2021. In an interview with TheStreet Roundtable, Andrew McCormick detailed why eToro waited so long and what ultimately made the timing right. 'As a company that's all about empowering people and giving them access to capital markets, it's only natural for a company like eToro to hit the capital markets, to be a publicly traded company,' McCormick said. He emphasized the symbolic importance of letting customers 'all around the world become owners of eToro. And we love that idea of going from a consumer to an owner.' McCormick explained that after the initial 2021 filing, 'financial markets didn't cooperate at the time. There's definitely some regulatory pressures and challenges, but lots of work in between to be ready for that moment.' He described the IPO process as 'really complicated — it's a lot of work, comes with a lot of responsibility, a lot of diligence, a lot of meetings with lawyers and bankers.' A combination of an industry-best year in 2024 and an improved regulatory outlook opened a window for eToro to 'kick down the door and make this happen' this spring. 'After 18 years of just building a great company all around the world, it was a true honor and joy to have that happen three weeks ago,' McCormick added. When asked what sets eToro apart, McCormick pointed to low barriers and community insights. 'We are so great at making investing easy and accessible. $10, whether it's crypto, stocks, options, you can get started. So people who have never got into investing, what a great way to start.' Education is also central. 'We've got a whole dedicated resource called the eToro Academy — tons of courses, videos, articles to just help people learn and grow.' On the platform, users can gauge sentiment and validate it. 'If someone says, 'I love Bitcoin,' you can look at the portfolio and see they've actually bought it, here's a performance. That social element really sets it apart.' Looking forward, McCormick stressed there's 'no better time in history to be a retail investor than today,' whether via ETFs, spot trading or options — and eToro aims to welcome millions more into the markets. Why eToro's IPO took four years to list in the US first appeared on TheStreet on Jun 9, 2025 This story was originally reported by TheStreet on Jun 9, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
