$BTC David Sacks, appointed as the "crypto czar" by President Donald Trump, revealed that the U.S. government may have incurred a loss exceeding $16 billion by prematurely selling half of its Bitcoin holdings. At the time, the government held approximately 400,000 bitcoins, selling half for about $360 million, which would now be valued at over $17 billion. In response, President Trump signed an executive order to establish a "Strategic Bitcoin Reserve" and a "Digital Asset Stockpile." This initiative aims to prevent similar losses by storing remaining bitcoins in a "digital Fort Knox" and including various cryptocurrencies in the stockpile. Additionally, strategies will be developed by the Treasury and Commerce Secretaries to accumulate more Bitcoin for the reserve