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- Executive Order Signed: President Trump establishes a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile.
- Bitcoin as a Strategic Asset: Seized bitcoin will be held, not sold, to strengthen U.S. economic strategy.
- Digital Asset Stockpile: Includes other seized cryptocurrencies, with potential Treasury-managed sales.
- Centralized Crypto Management: Aims to solidify U.S. leadership in digital assets.
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How the U.S. Lost Billions by Selling Bitcoin Too Soon
The Costly Mistake
- Silk Road Bitcoin Auction (2014)
- U.S. seized 144,000 BTC and sold it for $48 million
- Today, that Bitcoin would be worth billions
- James Zhong Case (2022)
- Government seized 50,000 BTC
- Sold 9,861 BTC for $215 million at ~$21,877 per BTC
- Bitcoin’s price later soared, leading to massive missed gains
Total Financial Impact
- U.S. sold 195,092 BTC over the years for $366.5 million
- At today’s value, those coins would be worth $18.25 billion
- Missed profit: Nearly $17.9 billion
Lesson Learned
- The U.S. treated Bitcoin like confiscated property, selling it off too soon
- New policies, like Trump’s Strategic Bitcoin Reserve, aim to hold BTC as a strategic asset
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