Articles for tag: Bitcoin, cryptocurrency holdings, digital asset strategy, Executive Order, federal agencies, public disclosure, Treasury Secretary

Market News

White House Confirms Bitcoin and Crypto Holdings Reports Are Due Tomorrow: What You Need to Know

Federal agencies are required to report their cryptocurrency holdings to the Treasury Secretary imminently, as confirmed by a White House official. Currently, the U.S. government possesses 198,012 Bitcoin, valued at around $16 billion. This reporting requirement stems from a March executive order aimed at establishing a Strategic Bitcoin Reserve and a digital asset stockpile. Although ...

Market News

MicroStrategy Acquires 1,070 Bitcoin for $101 Million, Boosting Total Holdings to 447,470 BTC

MicroStrategy, the largest corporate holder of Bitcoin, recently bought 1,070 BTC for around $101 million, increasing its total holdings to 447,470 BTC. This purchase comes as Bitcoin’s price has soared, surpassing $100,000. Although the company’s investment in Bitcoin is around $27.97 billion, it has slowed its buying pace compared to previous months. Funding strategies include ...

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