Source: Yahoo! Finance
“President Donald Trump on Thursday night authorized the creation of a strategic bitcoin reserve and a separate US stockpile of other digital assets, fulfilling a campaign promise he made to an industry that is gathering at the White House Friday for a ‘crypto summit.’ The bitcoin reserve will be seeded with bitcoin already owned by the federal government taken as part of criminal or civil asset forfeiture proceedings, Trump’s crypto czar David Sacks said in a post on the social media platform X. … Sacks said the U.S. will not sell any bitcoin once it is in the reserve and that it will be kept as a store of value.” (03/07/25)