The Strategic Bitcoin Reserve will be capitalized with bitcoin seized in criminal or civil asset forfeiture proceedings and owned by the federal government, so it “will not cost taxpayers a dime,” Sacks said in the post. The executive order also calls for a full accounting of the federal government’s digital asset holdings, Sacks said, adding that there has never been such an audit and that it is estimated that the government owns about 200,000 bitcoin.
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Trump establishes ‘Strategic Bitcoin Reserve’ and ‘US Digital Asset Stockpile’
“The purpose of the Stockpile is responsible stewardship of the government’s digital assets under the Treasury Department,” Sacks said in the post.
