White House Aims to Acquire More Bitcoin
- The Trump administration seeks to acquire as much Bitcoin as possible.
- Bo Hines, from the Presidential Working Group on Digital Assets, confirmed this intent.
- Acquisitions are planned to be “budget neutral,” not costing taxpayers.
- The U.S. government currently holds nearly 200,000 BTC.
- Cynthia Lummis reintroduced a bill for a Strategic Bitcoin Reserve, proposing up to one million BTC purchases.
The White House is focused on increasing its Bitcoin holdings in a manner that avoids taxpayer costs. Currently holding around 200,000 BTC, the administration supports legislation for establishing a Strategic Bitcoin Reserve.
Source (2.6)https://decrypt.co/309948/trump-admin-acquire-much-bitcoin-possible-white-house?rand=52368