White House Confirms Strategic Bitcoin Reserve Plans Remain Active Despite Recent Report Omission
Main Idea
The White House confirms the Strategic Bitcoin Reserve remains active despite its omission from a recent report, with plans for continued Bitcoin accumulation and infrastructure development.
Key Points
1. The Strategic Bitcoin Reserve was notably absent from the President’s Working Group on Digital Asset Markets report, but Bo Hines confirmed its active status and the government's belief in Bitcoin accumulation.
2. Bo Hines emphasized Bitcoin's unique status, calling it 'in a class of its own,' though exact government holdings remain confidential.
3. Independent estimates suggest the US government holds approximately 198,000 BTC, valued at around $2.35 billion.
4. The Strategic Bitcoin Reserve was officially established by an executive order signed by President Trump in March, marking a significant step in US digital asset strategy.
5. The White House plans to continue expanding the Strategic Bitcoin Reserve, positioning the US as a leader in digital financial innovation.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! The White House
Latest News
- SEC’s Crypto Task Force Roundtables May Influence Future Bitcoin Regulatory Frameworks2025-08-01 22:17:18
- LetsBonk Possibly Leads Solana On-Chain Revenue in July, Surpassing Pump.fun2025-08-01 22:17:01
- SEC’s 10-City Roundtable Tour May Seek Input from Coinbase and Crypto Startups on Future Regulations2025-08-01 21:53:39
- Chainlink Introduces State Pricing to Potentially Enhance DeFi Price Accuracy and Protocol Adoption2025-08-01 21:39:18
- Bitcoin Reacts as Federal Reserve’s Adriana Kugler Resigns Amid Uncertainty Over Powell’s Leadership2025-08-01 21:26:01