Some Bitcoin holders feel that the Strategic Bitcoin Reserve (SBR) has not played a substantive role, as it is merely confiscated assets without any actual purchasing actions. However, there will be buying operations in the future; methods like issuing Bitcoin bonds and selling gold in a 'budget-neutral' way can acquire Bitcoin and will drive implementation, so everyone should be patient.
SBR is significant; ETFs make Bitcoin a legitimate asset class and open the doors for institutional investment. Now, a command grants Bitcoin equal status with gold, and SBR resembles a digital version of 'gold reserves.' The competition between nations for Bitcoin has just begun, and SBR also means that the United States' Bitcoin holdings will undergo an official audit; the current numbers are only estimates, as the U.S. FJ has been selling BTC over the past few years.
The actual Bitcoin held by the United States may be as low as 112,000 coins, as 95,000 of those belong to Bitfinex and will eventually be returned, contrary to many news outlets that claim it is between 207,000 and 220,000. This means that CN, holding 194,000 Bitcoins, will be in the lead. This is hard for the U.S. to accept, as Bitcoin is viewed as a strategic asset, and the U.S. certainly hopes to hold the most Bitcoin and will definitely audit the supply situation to increase reserves.
Conclusion: Competition is beneficial for the development of Bitcoin.