RE: LeoThread 2025-03-08 14:30
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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.
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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.
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.
Appreciation is extended for the rapid implementation and forward-thinking leadership in advancing this cutting-edge technology."