civil cases, ensuring no cost to taxpayers. Although the government is believed to hold roughly 200,000 bitcoin, a complete audit has never been conducted, prompting a directive for full transparency of its digital holdings.
These bitcoins will remain stored as a safeguard, much like a digital Fort Knox for a currency often dubbed 'digital gold.' Previous hasty sales resulted in over $17 billion in lost value, and this new measure is designed to optimize
The Order also sets up a separate digital asset stockpile for non-bitcoin assets obtained similarly, emphasizing responsible management under Treasury oversight.
With longstanding commitments now honored, this move reinforces the vision of positioning the nation as a global hub for cryptocurrency innovation, propelled by decisive, forward-thinking action by key policymakers."
The Strategic Bitcoin Reserve is now underway—a groundbreaking, transformative advance.
"Earlier today, an Executive Order was signed to create a reserve of Bitcoin that will be funded exclusively by assets forfeited during criminal or
civil cases, ensuring no cost to taxpayers. Although the government is believed to hold roughly 200,000 bitcoin, a complete audit has never been conducted, prompting a directive for full transparency of its digital holdings.
These bitcoins will remain stored as a safeguard, much like a digital Fort Knox for a currency often dubbed 'digital gold.' Previous hasty sales resulted in over $17 billion in lost value, and this new measure is designed to optimize
government holdings. Additionally, budget-neutral strategies have been approved for further accumulation if funds are acquired through forfeitures.
The Order also sets up a separate digital asset stockpile for non-bitcoin assets obtained similarly, emphasizing responsible management under Treasury oversight.
With longstanding commitments now honored, this move reinforces the vision of positioning the nation as a global hub for cryptocurrency innovation, propelled by decisive, forward-thinking action by key policymakers."