U.S. Loses $17 Billion from Early Bitcoin Sales, Trump Reacts
- The U.S. government reported a $17 billion loss from selling bitcoin prematurely.
- A total of 195,000 bitcoins were sold by the U.S., leading to significant financial losses.
- In response to the loss, Trump initiated a strategic bitcoin reserve policy.
- The new policy includes a “never sell” approach to maintain U.S. bitcoin holdings.
The White House announced that early sales of 195,000 bitcoins resulted in a $17 billion loss. To counteract this, Trump has established a strategic reserve with a commitment not to sell these assets, aiming to strengthen the country’s bitcoin position.
Source (2.6)https://news.bitcoin.com/white-house-us-lost-17b-dumping-bitcoin-trump-vows-to-never-sell/?rand=52384
