Bitcoin Adoption Expands: Real Estate Agents, Matador, and US Reserve Plans
La Rosa Holdings to Enable Bitcoin Payments for 3,000 Real Estate Agents
La Rosa Holdings Corp. (NASDAQ: LRHC) has announced it will enable over 3,000 real estate agents in the U.S. to receive commissions in Bitcoin and other cryptocurrencies, responding to rising demand for digital payment options. This initiative incurs a 2% transaction fee for agents choosing cryptocurrency payments. The company reported a remarkable 155% year-over-year revenue increase, reaching $51.7 million for the first nine months of 2024. La Rosa offers agents a flexible choice between a 100% commission plan and revenue sharing while charging starting fees of $60, and clients typically pay a transaction fee of $495.
Matador Technologies Plans to Invest $4.5 Million in Bitcoin Amid Strategic Shift
Matador Technologies is set to purchase $4.5 million in Bitcoin this December as part of its long-term capital preservation strategy, reflecting confidence in Bitcoin's potential amid rising institutional interest. The Board of Directors has approved adding Bitcoin and USD-denominated assets to its corporate treasury, driven by concerns over the devaluation of Canadian dollars due to Canada's dependency on oil exports and increasing national debt. Matador plans to continue accumulating Bitcoin through measured buying programs. The firm aims to leverage Bitcoin as a platform for its gold-based products, enhancing its presence in the growing cryptocurrency market amid soaring institutional adoption.
US Bitcoin Reserve Could Cut National Debt by 35% by 2049, Says VanEck
VanEck suggests that a US reserve of 1 million Bitcoin could reduce the national debt by 35% by 2049, assuming Bitcoin reaches $42.3 million per coin at a 25% compounded annual growth rate (CAGR). The national debt is projected to rise from $37 trillion in 2025 to $119.3 trillion. Currently, Bitcoin is priced at $93,167 and needs to exceed $200,000 to meet this projection. The Lummis bill proposes utilizing 198,100 Bitcoin from asset seizures and acquiring the remaining 801,900 through various means, potentially designating Bitcoin as a reserve asset under the Trump administration.
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