Treasury Secretary Scott Bessent has confirmed that seized Bitcoin $BTC will serve as the foundation for the new Strategic Bitcoin Reserve, initially seeded with criminally forfeited assets.
He also clarified that while there's no immediate plan to purchase more, the government remains open to acquiring additional Bitcoin $BTC via budget-neutral mechanisms.
This strategic reserve initiative, established by
executive order, marks a new chapter in treating
cryptocurrency as a component of federal reserve assets.
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