In a series of public statements, Dennis Porter, CEO and founder of the nonprofit Satoshi Act Fund, has raised expectations for what he describes as a milestone announcement related to Bitcoin. Via social media platform
Most important Bitcoin announcement of this year?
On December 10, Porter wrote: “It happens. The most important announcement in Bitcoin will happen live in less than 48 hours. This announcement of the Strategic Bitcoin Reserve (SBR) will quickly accelerate the timeline for Bitcoin’s global adoption. History in the making. Bitcoin is winning.”
Porter has scheduled a live X Space for December 12 at 11am EST (5pm GMT+1), during which further details are expected to be announced. Reaction from the community has been mixed, with some users expressing skepticism about the “announcement of announcement” tactic.
One user commented: “With respect, your announcements have been lackluster so far. Is this another dud?” Another wrote: “Oh stop it mate. If you do another Spaces to announce that there is a province somewhere that wants to set up a strategic Btcoin reserve, we will block you.
Despite the critical reception, Porter and the Satoshi Act Fund have maintained their message. Their advocacy efforts focus on U.S. state-level initiatives establish an SBR.
Last week, Porter indicated that as much as 10 states will introduce SBR legislation. In previous remarks, Porter indicated that “one of the largest economies in the world” would be involved in the announcement, while emphasizing the importance of mainstream media coverage. According to him, leading media have already committed to reporting on the development.
On December 5, he stated: “Next week there will be an announcement that will fundamentally change the dialogue around Bitcoin. No one is ready for what is to come. One of the largest economies in the world is poised to win with Bitcoin. Two major mainstream media outlets have already agreed to publish it. It is that big.” He then said on December 7: “I can now confirm that we have seven journalist(s), some of the largest and most important media outlets. We are going to win so big.”
Although the details are not made public, all indicators point to a US state-level initiative. The Satoshi Act Fund’s ongoing fundraising efforts further strengthen this direction. The organization is seeking $500,000 in donations to support SBR legislation in multiple states. As the official donation website states:
“We have lawmakers in ten states willing to introduce ‘Strategic Bitcoin Reserve’ legislation at the state level. We have already helped Pennsylvania legislators are introducing this bill and in 2025 many more legislators will join this movement. Governments will be buying Bitcoin in the US in less than six months!”
Porter reported tangible progress on December 9: “We have raised $150,000 to fund the passage of the Strategic Bitcoin Reserve legislation. We are way ahead of schedule. Join the movement and help us reach our goal of $500,000 by donating.”
At the time of writing, BTC was trading at $98,746.
Featured image from YouTube, chart from TradingView.com