Trump signs the executive order
President Donald Trump signed an executive order to create a strategic reserve for Bitcoin to store the assets seized by the government, as well as an encryption stock of other digital assets. Bitcoin will be stored, all obtained through civil or criminal confiscations, for a long -term value in the “digital fort”. David sacks, Trump shared this Caesar encryption in x mail.
Moreover, it comes to officials to find ways to add more bitcoin to the reserve, as long as it does not harm the federal budget. It also calls for a stock of other cryptocurrencies seized by the government.
Although the bags were not called specific assets, the recent notes from the president indicate what could be included. This step can give the United States a greater presence in the world of digital assets.
The United States loses 16 billion dollars due to early sale
It is worth noting that the United States government was sitting on a large amount of bitcoin and may have missed great profits by selling it early. The new executive is to correct this by creating a reserve that will maintain these assets in the long run.
according to LookonchainThe US government’s public portfolio currently owns 198,109 BTC, at a value of about $ 16.92 billion. Historically, the government moved around 222,684 BTC to platforms like Coinbase, Coinbase Prime and other unknown governor. These transactions were signed at an average price of $ 14,736 per bitcoin, with a total of about $ 3.28 billion at the time.
However, with the current market price of Bitcoin, its value is now 222,684 BTC about 19.42 billion dollars. This means that the United States government has incurred a loss of about $ 16.14 billion due to the sale of bitcoin prematurely.
This highlights the lost potential value as the Bitcoin price continues to rise, which enhances the need for a strategy that maintains these digital assets for a long -term value, as shown in the new executive.
Market reactions
Bitcoin has decreased nearly 5 % to 85,000 dollars after announcing the demand, and perhaps because of disappointment that the reserve includes only the symbols that the government already maintains, with no new purchases at the present time.
ETHEREUM (ETH), Ripple (XRP), Cardano (ADA), and Solana (Sol) witnessed sharp declines of 4 % -8 %, because it does not allow a new government purchase of these cryptocurrencies.
