U.S. Considers Budget-Neutral Bitcoin Acquisition Strategies
- The U.S. government holds 8,133.46 tons of gold, valued at approximately $758 billion.
- The Treasury’s Exchange Stabilization Fund (ERF) contains $39 billion in net assets.
- Senator Cynthia Lummis’ BITCOIN Act proposes purchasing 1,000,000 Bitcoin over five years.
- The Trump administration’s executive order prohibits selling the current $17.8 billion Bitcoin reserve.
- Trump’s directive established a strategic Bitcoin reserve and digital asset stockpile.
The U.S. government is exploring budget-neutral methods to acquire Bitcoin, such as selling gold or utilizing the ERF, following Trump’s executive order to create a strategic Bitcoin reserve.
Source (2.6)https://decrypt.co/309110/us-sell-gold-treasury-funds-bitcoin-stockpile-standard-chartered?rand=52368