techonsapevole âš¡ on Nostr: Where the USA government got the Bitcoin for the Bitcoin Strategic Reserve. Reply in ...
Where the USA government got the Bitcoin for the Bitcoin Strategic Reserve. Reply in a few sentence 😂🤡 #bitcoin #digitalgold #trump #grok
The U.S. government established the Strategic Bitcoin Reserve primarily using Bitcoin that was already in its possession, acquired through criminal and civil asset forfeiture proceedings. As of March 08, 2025, this reserve includes approximately 198,109 BTC, much of which was seized from illegal activities such as drug trafficking, money laundering, and hacking, with a significant portion originating from high-profile cases like the Silk Road seizure from Ross Ulbricht. President Trump's executive order on March 07, 2025, formalized this reserve, directing the Treasury to capitalize it with these forfeited assets, while also allowing for potential future acquisitions through budget-neutral strategies, though no additional taxpayer-funded purchases have been detailed as of now.
The U.S. government established the Strategic Bitcoin Reserve primarily using Bitcoin that was already in its possession, acquired through criminal and civil asset forfeiture proceedings. As of March 08, 2025, this reserve includes approximately 198,109 BTC, much of which was seized from illegal activities such as drug trafficking, money laundering, and hacking, with a significant portion originating from high-profile cases like the Silk Road seizure from Ross Ulbricht. President Trump's executive order on March 07, 2025, formalized this reserve, directing the Treasury to capitalize it with these forfeited assets, while also allowing for potential future acquisitions through budget-neutral strategies, though no additional taxpayer-funded purchases have been detailed as of now.