White House artificial intelligence and crypto czar David Sacks says a newly signed executive order could pave the way for the US to actively buy Bitcoin.

The “budget neutral” purchases would be above and beyond the seized trove of BTC that Trump has ordered the US to hold onto as a strategic reserve.

Sacks has confirmed initial reporting from Fox Business journalist Eleanor Terrett, who laid out the difference between the Bitcoin stockpile and reserve on the social media platform X.

“Trump’s Executive Order calls for two separate things — a strategic reserve and a stockpile. The strategic reserve will contain only BTC (the digital asset with the most store of value) using the 200,000 or so tokens already in the government’s possession that has been seized over the years through criminal and civil forfeiture.

Sacks says [Treasury Secretary] Bessent and [Commerce Secretary] Lutnick have also been given authorization to explore means of acquiring more bitcoin through avenues that will not cost the taxpayer.

Separately, a digital asset stockpile will be created that includes other cryptocurrencies aside from bitcoin using seized assets already owned by the government.”

The price of Bitcoin dropped as news of Trump’s new executive order spread a few hours ago.

After dropping from $90,251 to an intra-day low of $85,091, BTC is now $87,476 at time of publishing.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Panuwatccn/PurpleRender

The post Trump Authorizes US Government To Explore Strategies for Actively Purchasing Bitcoin appeared first on The Daily Hodl.

White House artificial intelligence and crypto czar David Sacks says a newly signed executive order could pave the way for the US to actively buy Bitcoin.

The “budget neutral” purchases would be above and beyond the seized trove of BTC that Trump has ordered the US to hold onto as a strategic reserve.

Sacks has confirmed initial reporting from Fox Business journalist Eleanor Terrett, who laid out the difference between the Bitcoin stockpile and reserve on the social media platform X.

“Trump’s Executive Order calls for two separate things — a strategic reserve and a stockpile. The strategic reserve will contain only BTC (the digital asset with the most store of value) using the 200,000 or so tokens already in the government’s possession that has been seized over the years through criminal and civil forfeiture.

Sacks says [Treasury Secretary] Bessent and [Commerce Secretary] Lutnick have also been given authorization to explore means of acquiring more bitcoin through avenues that will not cost the taxpayer.

Separately, a digital asset stockpile will be created that includes other cryptocurrencies aside from bitcoin using seized assets already owned by the government.”

The price of Bitcoin dropped as news of Trump’s new executive order spread a few hours ago.

After dropping from $90,251 to an intra-day low of $85,091, BTC is now $87,476 at time of publishing.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Panuwatccn/PurpleRender

The post Trump Authorizes US Government To Explore Strategies for Actively Purchasing Bitcoin appeared first on The Daily Hodl.