"My estimate is that the U.S. government holds 198,109 bitcoins," Conor Grogan, head of Coinbase, said in a post on social media. "This executive order will reduce selling pressure by about $18 billion."
"Just a few minutes ago, President Trump signed an executive order establishing the Strategic Bitcoin Reserve," David Sacks, the White House director of AI and cryptocurrency, said in a social media post. "The reserve will be capitalized on federally owned bitcoin that was seized in criminal or civil asset forfeiture proceedings."
Coinbase Director: US Strategic Bitcoin Reserve Executive Order Expected to Reduce $18 billion Bitcoin Selling Pressure
2025-03-07 00:39:05
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