#BTCReserveStrategy The US government has established a strategic bitcoin reserve, capitalized with bitcoin forfeited during criminal or civil asset forfeiture proceedings. This reserve aims to elevate the digital asset sector and support industry growth.
*Key Components of the BTC Reserve Strategy:*
- *Capitalization*: The reserve will be capitalized with bitcoin already owned by the federal government, estimated to be around 200,000 BTC.
- *Management*: The Secretary of the Treasury will establish an office to administer and maintain control of the reserve.
- *Acquisition*: The US government will explore strategies for acquiring additional bitcoin, provided that such strategies are budget-neutral and don't impose incremental costs on taxpayers.
- *Storage*: The bitcoin will be stored in a secure account, with the Secretary of the Treasury determining the specific accounts for storage.