Bitcoin News Today: Institutions Hedge Against Dollar Liabilities with Bitcoin, Add 18,700 BTC in November

In a bold move signaling growing institutional confidence, U.S. entities added 18,700 Bitcoin (BTC) to their reserves in November, driven by legislative reforms, corporate strategy shifts, and evolving market dynamics. According to the report, the surge follows the introduction of Rep. Warren Davidson's Bitcoin for America Act, which aims to let taxpayers pay federal liabilities in BTC, channeling inflows into a Strategic Bitcoin Reserve established by executive order. The legislation, introduced Nov. 20, could generate up to $14 trillion in cumulative value over two decades if 1% of federal taxes are remitted in BTC, according to modeling by the Bitcoin Policy Institute.

The act expands the government's BTC acquisition channels beyond seizure-based accumulation, which has already seen federal entities hold 326,000 BTC through enforcement actions. By allowing voluntary BTC payments to the IRS without triggering capital-gains taxes, the bill incentivizes holders to transfer appreciated BTC directly to the reserve, bypassing the need to sell for cash. This creates a market-driven inflow mechanism that requires no direct Treasury purchases.

Corporate actors are also accelerating BTC accumulation. Tokyo-listed Metaplanet announced a $150 million capital raise to buy BTC for its corporate treasury, marking a strategic pivot from real estate to digital assets. Similarly, BitMine Immersion (BMNR) revealed total crypto and cash holdings of $11.2 billion, including 3.63 million Ethereum (ETH) tokens. These moves reflect a broader trend of companies treating BTC as a core treasury asset to hedge against macroeconomic risks.

However, the market faces headwinds. U.S. spot BTC ETFs saw record $3.79 billion in outflows in November, with BlackRock's IBIT leading the exodus at $2.47 billion in redemptions. The selloff coincided with BTC's decline below $85,000, its worst monthly performance since 2022. Analysts attribute the outflows to risk-off sentiment and hawkish Federal Reserve signals, and stalled regulatory clarity. Despite this, institutional inflows into BTC treasuries continue, with the Bitcoin Policy Institute projecting that 1% tax adoption could add 4.3 million BTC to reserves by 2045 according to the report.

Market observers are divided on the implications. Proponents argue BTC accumulation acts as a balance-sheet hedge against dollar liabilities, while critics highlight volatility risks from holding non-yielding assets. Meanwhile, the Fed's decision to pause rate cuts has locked BTC in a $60,000–$80,000 consolidation range through year-end, according to XWIN analyst.

As the landscape evolves, the interplay between legislative innovation, corporate strategy, and market volatility will shape BTC's trajectory. With institutions increasingly viewing Bitcoin as a strategic reserve asset, the November surge in accumulation underscores a pivotal shift in how digital assets are perceived-and managed-by traditional financial players.