
unfolded.|Mar 07, 2025 00:21
TRUMP SIGNS EXECUTIVE ORDER TO ESTABLISH STRATEGIC BITCOIN RESERVE: SACKS
• President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve using government-owned Bitcoin from forfeiture proceedings.
• An estimated 200,000 Bitcoin are owned by the U.S. government; a full audit of digital asset holdings is ordered.
• The Reserve aims to maximize Bitcoin's value without selling it, likened to a digital Fort Knox.
• A U.S. Digital Asset Stockpile is also established for non-Bitcoin digital assets obtained through forfeiture.
• The initiative aims to make the U.S. a leading crypto nation, and strategies to acquire more Bitcoin with no taxpayer cost are underway.
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