An important reason for the market's dissatisfaction with the Bitcoin strategic reserve is that the Bitcoin in this reserve will be entirely composed of Bitcoin seized by the U.S. government from criminal and civil cases. This means that the U.S. government will not purchase any additional Bitcoin.
According to Arkham Intelligence, the U.S. currently holds approximately $17 billion worth of Bitcoin, but this figure has not been audited by the U.S. government.
David Sacks, the cryptocurrency czar appointed by Trump, added that the U.S. Secretary of the Treasury and the Secretary of Commerce also have the authority to devise budget-neutral strategies to acquire more Bitcoin, provided that these strategies do not increase the burden on American taxpayers.