U.S. President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve, positioning the U.S. as the foremost holder of Bitcoin globally. The reserve, estimated at 200,000 BTC, will not incur taxpayer costs as it utilizes Bitcoin from federal forfeiture. The order mandates a comprehensive audit of U.S. Bitcoin holdings, some of which have been sold prematurely, costing taxpayers significantly. The reserve aims to act as a long-term store of value and allows the government to develop budget-neutral strategies for further Bitcoin acquisition.
U.S. President Donald Trump has signed an executive order creating a Strategic Bitcoin Reserve, positioning the U.S. as the largest holder of Bitcoin.
According to David Sacks, the reserve will be funded by already-owned government Bitcoin, ensuring taxpayers bear no cost.
The executive order mandates a full audit of the government's Bitcoin holdings to clarify the amount under U.S. control.
The new reserve aims to prevent losses from premature sales, which previously cost taxpayers over $17 billion.
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