White House Nears Update on U.S. Strategic Bitcoin Reserve
Patrick Witt announced that the White House is close to releasing a formal update on the U.S. Strategic Bitcoin Reserve. According to NS3.AI, the administration is finalizing legal and custody arrangements for the reserve, which is estimated to hold 328,372 BTC. U.S. President Donald Trump signed an executive order on March 6, 2025, prohibiting the Treasury from selling the reserve's holdings. Witt highlighted that recent federal custody theft cases underscore the need for enhanced safeguarding measures.
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