U.S. to Buy 550 BTC/Day for Strategic Reserve

Nov 8, 2024, 03:17 PM

The U.S. government is reportedly planning to establish a strategic Bitcoin reserve, with plans to accumulate 550 BTC per day for the next five years, starting in three months. This initiative aims to hold the cryptocurrency for a minimum of 20 years, positioning the U.S. as the 7th largest Bitcoin holder globally. Currently, the U.S. government already holds an estimated 213,000 BTC, valued at over $13 billion.