Historic milestone! 🤩
"An Executive Order was signed moments ago to create a Strategic Bitcoin Reserve. This reserve is funded by bitcoin forfeited in asset seizure cases, meaning there’s no expense for taxpayers.
Historic milestone! 🤩
"An Executive Order was signed moments ago to create a Strategic Bitcoin Reserve. This reserve is funded by bitcoin forfeited in asset seizure cases, meaning there’s no expense for taxpayers.
Appreciation is extended for the rapid implementation and forward-thinking leadership in advancing this cutting-edge technology."
This move fulfills previous commitments to establish both the Strategic Bitcoin Reserve and the Digital Asset Stockpile, reinforcing an ongoing vision to elevate the nation as a leader in digital assets.
While it’s estimated that about 200,000 bitcoin are held by the government, a full audit is still pending.
The order also calls for a complete accounting of federal digital assets, ensuring that the deposited bitcoin stays intact as a long-term store of value—a digital stronghold for cryptocurrency dubbed 'digital gold.' Past premature bitcoin
sales have resulted in over $17 billion in lost value, but now a strategy is in place to optimize these holdings.
Additionally, budget-neutral plans are authorized for acquiring further bitcoin, provided there are no extra costs. Moreover, a U.S.
Digital Asset Stockpile is established, composed of digital assets (excluding bitcoin) acquired solely through asset forfeiture, to be managed responsibly under Treasury oversight.