The U.S. is set to announce its Strategic Bitcoin Reserve, according to Patrick Witt, Executive Director of the White House Digital Asset Advisory Board. Witt highlighted breakthroughs in legal frameworks, asset custody, and interdepartmental reporting mechanisms. The reserve, established by an executive order signed by Trump on March 6, 2025, prohibits the Treasury from selling the BTC. It is expected to hold approximately 328,372 BTC, representing 1.6% of the global supply, sourced from Silk Road, Bitfinex hack recoveries, and other criminal forfeitures.
U.S. to Announce Strategic Bitcoin Reserve, Holding 328,372 BTC
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