Bitcoin surged past $117,500 today, recovering from its local bottom of $114,278 yesterday, according to data from Bitcoin Magazine Pro. A sharp rebound comes after President Donald Trump officially signed a groundbreaking executive order that would allow cryptocurrencies such as Bitcoin to be included in his 401(k) retirement account.
The order directs the Ministry of Labor to review current guidance on fiduciary responsibility in ERISA’s governmental plans and clarify the appropriate process for providing a diverse range of funds, including alternative investments.
Additionally, the order directs cooperation with the Department of Labor, the Department of Treasury, the Securities and Exchange Commission (SEC) and other federal regulators to determine whether broader regulatory updates are necessary to support policy change. The SEC has also been specifically ordered to amend its own rules to promote this access, marking a key move to modernize retirement investment options for millions of Americans.
“President Trump wants to provide American workers with more investment options to achieve stronger and financially safe retirement outcomes,” says the White House fact sheet. “Alternative assets such as private equity, real estate, and digital assets offer competitive returns and diversification perks.”
Galaxy Digital CEO Mike Novogratz highlighted the impact, saying “Monster Pool of Capital” would be exposed to Bitcoin and crypto as a result of Trump’s executive order. “A lot of money” is being poured into it, he added.
“President Trump has pledged to turn the United States into ‘world crypto capital’ and highlighted the need to embrace digital assets to promote economic growth and technological leadership,” the factsheet concluded.
Ryan Rasmussen, Bitwise’s research director, shows how much value the executive order can bring to Bitcoin, saying, “If Crypto wins X% of the $8 trillion 401k market:
1%…$80 billion
2%…$160 billion
3%…$240 billion
4%…$320 billion
5%…$400 billion
6%…$480 billion
7%…$560 billion
8%…$640 billion
9%…$720 billion
10%… $800 billion.”
This policy shift is considered to be one of the most important catalysts for the adoption of Bitcoin, fueling an already strong wave of institutional interest that has been built over the years. According to Asset Manager, Bitcoin Miners mined 217,771 BTC in 2023, while the agency purchased an astounding 913,006 BTC. This trend accelerated in 2025, with miners producing 97,082 BTC so far this year, while the agency has scooped 545,579 BTC.
Institutional adoption continues to break records. In 2023, only 43 public companies held Bitcoin on their balance sheets. According to Blockware, that number rose to 64 in 2024 and exceeded 160 in 2025.
The two companies that will lead the new company Bitcoin Treasury Race are the 21 capitals of David Bailey Nakamoto and Jack Mullers. Nakamoto’s planned merger with KindlyMD – to get approval by Monday, August 11th, will be able to acquire hundreds of millions of Bitcoin after raising $763 million and purchasing BTC for reserves. Meanwhile, the 21 capitals already own 43,514 BTC, making it the third largest corporate Bitcoin holder in the world.
Disclosure: Nakamoto is working with BTC Inc, the parent company of Bitcoin Magazine, to build the first global network of Bitcoin Treasury Companies, where BTC Inc offers specific marketing services to Nakamoto. For more information about this, please see here.
