
Isah Ohinoyi Habib
@hiroyalma
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US to Audit Any Bitcoin Reserve Holdings, White House Says
President Donald Trump signed an executive order late Thursday creating the Strategic Bitcoin Reserve and the separate stockpile of other digital assets, to be capitalized with crypto forfeited in legal proceedings. Both the reserve and the stockpile will contain crypto forfeited as part of legal proceedings, the action said.
The US had obtained around 400,000 Bitcoin over the past decade, largely a function of tokens seized in relation to criminal and civil litigation, Sacks told Bloomberg TV in an interview on Friday. The government believes it is still in possession of around half of that sum, Sacks said.
“We say we believe because no one knows for sure, we never had a proper audit,” he said.
The US currently owns roughly $17.5 billion in Bitcoin and about $400 million worth of several other tokens in its known digital wallets, according to data from blockchain analytics researcher Arkham. 0 reply
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