#BitcoinPolicyShift According to Arkham Intelligence, the U.S. government currently holds 198,000 BTC, valued at approximately $17.3 billion. By treating these holdings as a reserve asset, the executive order effectively removes $17 billion worth of potential Bitcoin selling pressure from the market.
Despite this, Bitcoin initially extended its losses, hitting a low near $84,700—a sign that some investors were hoping for an announcement about new BTC