The U.S. government has started incorporating Bitcoin seized by law enforcement into its strategic reserves, according to Treasury Secretary Scott Bessent. This marks a shift from the previous practice of auctioning off seized Bitcoin. Bessent clarified that the government will not engage in purchasing Bitcoin from the open market but intends to hold these assets for the long term.
US Treasury Adds Seized Bitcoin to Strategic Reserves
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
