President Trump Authorizes Strategic Bitcoin Reserve
- President Donald Trump signed an Executive Order to create a U.S. Strategic Bitcoin Reserve.
- The reserve will utilize Bitcoin obtained through criminal or civil asset forfeiture.
- The initiative is designed to be budget-neutral, with no cost to taxpayers.
- The U.S. government holds approximately 200,000 BTC, valued at $17.7 billion.
- A separate Digital Asset Stockpile will include non-Bitcoin assets from forfeiture proceedings.
This new initiative aims to leverage the U.S.’s estimated 200,000 Bitcoin holdings, currently valued at $17.7 billion, without imposing additional costs on taxpayers.
Source (2.6)https://decrypt.co/309032/president-trump-signs-executive-order-to-establish-bitcoin-reserve-crypto-stockpile?rand=52368