Bitcoin Custody Decision by Treasury

U.S. Treasury Discusses Bitcoin Reserve Custody with Crypto Firms

• The U.S. Treasury Department met with executives from three crypto custody firms to discuss safeguarding the Strategic Bitcoin Reserve.
• Anchorage Digital was among the firms meeting with Treasury officials, discussing best practices for national Bitcoin reserve custody.
• The U.S. government holds nearly 200,000 BTC, valued at approximately $16.4 billion.
• The U.S. Marshals Service previously tapped Coinbase for custodial services of large-cap digital assets.
• Treasury officials are exploring third-party assistance for interim custody, aiming for eventual self-custody by the government.

The U.S. Treasury Department is in early discussions about securing its significant Bitcoin holdings, seeking industry insights on best practices for managing a national digital asset stockpile currently valued at around $16.4 billion.