US Government May Increase Bitcoin Holdings for Strategic Reserve
- The US government is authorized to acquire more Bitcoin if it can be done without affecting the federal budget or taxpayers.
- An executive order was signed to create a strategic Bitcoin and crypto reserve by retaining digital assets seized from criminal activities.
- The US Federal Government currently holds approximately $16.4 billion worth of Bitcoin.
- Bitcoin’s trading price at the time of reporting was $82,524, showing a 3.2% decrease for the day.
The US government’s current Bitcoin holdings are valued at around $16.4 billion, following an executive order to establish a strategic reserve by retaining seized digital assets.
Source (2.6)https://dailyhodl.com/2025/03/10/crypto-czar-david-sacks-says-us-government-may-accumulate-more-bitcoin-to-add-to-strategic-btc-reserve/?rand=59076
